FedEx's strong earnings give hope to US economy


(MENAFN) FedEx Corporation's third quarter adjusted revenues have notably surpassed forecasts, according to the latest reports.

The Tennessee-based giant attributed its better-than-expected third quarter to, yield management efforts and U.S. local volume growth.

Moreover, the constant benefits from profit improvement program initiatives also continued to boost income quality and restrain expense advance.

Top experts declared that the global courier delivery services firm's robust numbers is another reason the economy isn't sinking into recession.


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.