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An interesting article in the papers
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<blockquote data-quote="Anonymous Coward" data-source="post: 75203"><p>tieguy, </p><p>I took the liberty in fiding some more information for you. </p><p>``There was volume growth, but these results were driven by yield improvement and operating-margin improvement,'' Broughton said. ``We also saw productivity gain and more packages moved per employee.''</p><p></p><p>FedEx raised rates during the quarter by 3.5 percent, on average, for FedEx Express and 3.9 percent for FedEx Ground. The company also sought to cut back on two-day or three-day ``deferred'' shipments by FedEx Express in favor of more profitable overnight Express and Ground services, Broughton said.</p><p></p><p>FedEx added ``deferred'' delivery to its overnight Express network before the company began a major expansion into trucking with FedEx Ground, ``and it doesn't fit neatly now into either of those operating systems,'' Broughton said.</p><p></p><p>FedEx said revenues for Internal Priority shipments grew by 14 percent, while overall revenues for FedEx Express and Ground increased by 11 percent.</p><p></p><p>The growth for FedEx Express is largely due to an intertwined system of shared resources for its domestic and international operations, said FedEx Chief Executive Frederick W. Smith.</p><p></p><p>``You have to look at Express as a worldwide network even though we have to report it as 'domestic' and 'international','' Smith said. ``It's really a single network.''</p></blockquote><p></p>
[QUOTE="Anonymous Coward, post: 75203"] tieguy, I took the liberty in fiding some more information for you. ``There was volume growth, but these results were driven by yield improvement and operating-margin improvement,'' Broughton said. ``We also saw productivity gain and more packages moved per employee.'' FedEx raised rates during the quarter by 3.5 percent, on average, for FedEx Express and 3.9 percent for FedEx Ground. The company also sought to cut back on two-day or three-day ``deferred'' shipments by FedEx Express in favor of more profitable overnight Express and Ground services, Broughton said. FedEx added ``deferred'' delivery to its overnight Express network before the company began a major expansion into trucking with FedEx Ground, ``and it doesn't fit neatly now into either of those operating systems,'' Broughton said. FedEx said revenues for Internal Priority shipments grew by 14 percent, while overall revenues for FedEx Express and Ground increased by 11 percent. The growth for FedEx Express is largely due to an intertwined system of shared resources for its domestic and international operations, said FedEx Chief Executive Frederick W. Smith. ``You have to look at Express as a worldwide network even though we have to report it as 'domestic' and 'international','' Smith said. ``It's really a single network.'' [/QUOTE]
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An interesting article in the papers
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