FedEx Freight Segment
For the first quarter, the FedEx Freight segment reported:
• Revenue of $1.33 billion, up 6% from last year’s $1.26 billion
• Operating income of $42 million, compared with an operating loss of $16 million a year ago
• Operating margin of 3.2%, up from (1.3%) the previous year
Less-than-truckload (LTL) yield increased 11% primarily due to higher LTL fuel surcharges and ongoing yield management actions. LTL average daily shipments decreased 7% as a result of the yield management actions.
Operating income in the quarter was driven by strong yield growth and efficiencies resulting from the January 30, 2011 combination of the FedEx Freight and FedEx National LTL operations.
FedEx Corp. Reports Higher Revenue and Earnings - Yahoo! Finance
For the first quarter, the FedEx Freight segment reported:
• Revenue of $1.33 billion, up 6% from last year’s $1.26 billion
• Operating income of $42 million, compared with an operating loss of $16 million a year ago
• Operating margin of 3.2%, up from (1.3%) the previous year
Less-than-truckload (LTL) yield increased 11% primarily due to higher LTL fuel surcharges and ongoing yield management actions. LTL average daily shipments decreased 7% as a result of the yield management actions.
Operating income in the quarter was driven by strong yield growth and efficiencies resulting from the January 30, 2011 combination of the FedEx Freight and FedEx National LTL operations.
FedEx Corp. Reports Higher Revenue and Earnings - Yahoo! Finance