- December 17, 2021
- Posted by: Stratford Team
- Category: Business
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FedEx posted a profit of around $1 billion, or $3.88 a share.
Photo:
Jae C. Hong/Associated Press
FedEx Corp.
FDX -0.94%
posted a 14% increase in revenue for its fiscal second quarter, as higher rates offset softer demand for shipping some goods.
The higher rates also helped to blunt rising costs FedEx continues to face from a shortfall of workers in its operations. The company said Thursday that it incurred $470 million in added costs during the quarter ended Nov. 30 due…
