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News Breaks | | | | September 18, 2012 | | 07:33 EDT |  | FDX | FedEx reports Q1 FedEx Express revenue $6.63B, FedEx Ground rev. $2.46B
Reports Q1 Freight revenue $1.4B. For Express, says revenue growth during the quarter was constrained by global economic conditions. U.S. domestic revenue per package grew 2% as higher rate per pound was partially offset by lower fuel surcharges. U.S. domestic average daily package volume declined 5%. FedEx Ground average daily package volume grew 5% in the first quarter driven by increases in both business-to-business and FedEx Home Delivery services. Revenue per package increased 2% primarily due to increased rates. | |
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