How Did FedEx Perform In Q3 2016?
FedEx (NYSE:FDX), one of the largest package delivery companies in the US released its Q3 2016 earnings on March 16th. The company reported a strong quarter driven by growth in e-commerce and increased benefits from yield management and profit improvement initiatives.
Following is a brief look at the numbers and trends that drove FedEx’s performance in the third quarter.
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- Reasons for a decline in the FedEx Express Segment operating expenses:
– A 35% fall in fuel expenses
– Benefits from its ongoing yield management and profit improvement initiatives. - Whereas, FedEx Ground Operating Results were impacted by the following factors:
– Higher costs driven by network expansion and peak season demand exceeding volume expectations,
– Increased self insurance expense and
– Higher purchased transportation rates.
Notes:
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