FedEx reports fiscal third quarter earnings gains

Fiscal third quarter earnings for Memphis-based freight transportation and logistics services bellwether FedEx issued yesterday showed gains, amid various challenges. Quarterly revenue—at $23.6 billion—saw a 10% annual increase, and operating income—at $1.33 billion—saw a 32% annual gain. Diluted earnings per share—at $4.20—were up 27% annually, coming up short of Wall Street expectations at $4.65. FedEx… Continue reading FedEx reports fiscal third quarter earnings gains

XPO Logistics posts record-breaking fourth quarter earnings results

Another strong quarter brought another set of new company records, for Greenwich, Conn.-based truckload and less-than-truckload (LTL) services provider XPO Logistics in its fourth quarter earnings, which were issued this today. Quarterly revenue—at $3.4 billion—increased 14% annually and was up 30% compared to 2010, representing the fourth straight quarter XPO’s revenue has set a new… Continue reading XPO Logistics posts record-breaking fourth quarter earnings results