Independent journal on economy and transport policy
13:22 GMT+2
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LOGISTICS
FedEx's quarterly performance continues to decline
In the period September-November revenues are decreased by -2.8%
Memphis
December 21, 2022
In the second quarter of fiscal year 2023, a period that is The Group's revenue growth ended on 30 November logistics and express courier FedEx has further attenuated by recording a decline after nine quarterly periods consecutive increases. In the quarter, turnover is piled to 22,81 billion dollars, with a bending of the -2,8% on the period September-November last year. Decreasing also operating profit and net profit which were equal respectively to 1,18 billion (- 26.4%) and 788 million dollars, with a reduction of the -24,5% on the profit clearly of the second trimester of the fiscal year that included the effect of a loss extraordinary of 260 million.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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In the second quarter of fiscal year 2023, a period that is The Group's revenue growth ended on 30 November logistics and express courier FedEx has further attenuated by recording a decline after nine quarterly periods consecutive increases. In the quarter, turnover is piled to 22,81 billion dollars, with a bending of the -2,8% on the period September-November last year. Decreasing also operating profit and net profit which were equal respectively to 1,18 billion (- 26.4%) and 788 million dollars, with a reduction of the -24,5% on the profit clearly of the second trimester of the fiscal year that included the effect of a loss extraordinary of 260 million.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
