And in other news.........
The Memphis, Tennessee-based company, which like United Parcel Service Inc is considered a bellwether of U.S. economic health, reported that net income for its fiscal second quarter ended November 30
rose to $493 million, or $1.58 per share.
That compared with the $479 million, or $1.54 per share, the company reported a year earlier.
FedEx said falling fuel prices had lifted profits, which offset lower package volumes due to global economic weakness.
"I am very pleased with the results," said Dan Ortwerth, a research analyst at Edward Jones. "FedEx is getting better and better at
managing its cost structure."
That article should also say -
To include abrogation of it's pilot contract.