Air Transport World

FDX Corp.(Brief Article)

FDX Corp., parent of Federal Express and RPS Inc., earned $149 million in its fiscal first quarter ended Aug. 31. In the roughly equivalent year-ago period (May 25-Aug. 16, 1997) it earned $165 million.

Revenues rose 6% to $4.1 billion while operating income declined 9.7% to $284 million. FDX said year-ago results were hoosted by the strike at United Parcel Service. Excluding gains attributed to the strike, revenue and operating income would have risen 10% and 15%, respectively. …

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