FedEx benefits from higher shipping costs and fuel surcharges

FedEx The turnover of Corp. up 8% in the fourth quarter as higher shipping costs and fuel surcharges offset a lower volume of packages shipped.

The delivery giant’s operating income rose 6.7% year over year to $1.9 billion, led by its freight and express units, where operating income rose 67% and 20%, respectively.

https://www.wsj.com/articles/fedex-profit-rises-with-help-from-higher-shipping-rates-and-fuel-surcharges-11656019235?mod=pls_whats_news_us_business_f FedEx benefits from higher shipping costs and fuel surcharges

Luke Plunkett

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