• Number of HADE tokens, cryptocurrency, earned with this post 106
  • 424

A Look at FedEx Corp. (NYSE:FDX) Express Division


FedEx Corp. (NYSE:FDX) Express Division reported revenues increased +13%  in the first half of 2018,  primarily due to growth in international services, as well as higher fuel surcharges.  Operating income increased in the second quarter of 2018 due to higher revenues, the positive net impact of fuel prices and continued cost efficiencies. However, impacts from the NotPetya cyberattack and higher TNT Express integration expenses drove a decline in operating margin in the second quarter. 


FedEx Express announced a 4.9% general rate increase for for U.S. domestic, U.S. export and U.S. import services effective January 1, 2018. 


Of Note:

The NotPetya cyberattack negatively affected results by an estimated $100 million in the second quarter and $400 million in the first half of 2018. Results also included $96 million of TNT Express integration expenses in the second quarter and $184 million in the first half of 2018, a $68 million increase from the second quarter and $114 million increase from the first half of 2017. 

FedEx Corp. engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, TNT Express, FedEx Ground, FedEx Freight, FedEx Services, and Other. The FedEx Express segment consists of domestic and international shipping services for delivery of packages, and freight.