FedEx Profits, Rates on the Rise

princess

smh..
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FedEx Freight

For the quarter, the FedEx Freight segment reported revenue of $1.61 billion, up 13 percent from last year’s $1.42 billion, and operating income of $168 million, up 70 percent from $99 million a year ago.

Less-than-truckload average daily shipments increased 11 percent, including a 13-percent increase in demand for priority service. LTL revenue per shipment increased three percent due to higher weight per shipment, increased fuel surcharge revenue and higher rates, according to the company. Operating results improved due to increased LTL revenue per shipment, higher average daily LTL shipments and solid cost management.


LOL!! Love the way the bolded gets worded. They should just say, drivers pushed to the limits to make numbers and cuts to employees insurance. I suppose that would sound to cold hearted to print.
 
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