FedEx Freight Segment
For the second quarter, the FedEx Freight segment reported:
Fiscal 2017 Fiscal 2016 Change
Revenue
$1.60 billion $1.55 billion 3%
Operating income
$88 million $101 million (13%)
Operating margin
5.5% 6.5% (1.0 pts)
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4
Revenue increased 3% due to growth in less-than-truckload average daily shipments, partially offset by lower weight per shipment.
Operating results decreased due to the impact from lower average weight per shipment and higher information technology expenses.