FedEx posted a 12 percent decline in second-quarter profits as shipping volumes fell and costs rose.
December 20, 2012 at 12:00 AM
1 minute read
FedEx, the world’s second-largest package delivery company, posted a 12 percent decline in second-quarter profits Wednesday due to weakness in its air network and the impact of Superstorm Sandy.
The storm shaved 11 cents per share off of earnings for the quarter as shipping volumes fell and costs rose.
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