SEC 8-K shows a FedEx Express operating margin of 3.6%. The 7.5% figure is for FDX, as in the whole company. So Dano's claim of 8% profits for Express is a LIE.
Not to defend Dano but:
"However, operating profits increased by 26% to $622 million as compared to $492 million in fiscal 2Q15. This was a result of increasing base rates and the profit improvement initiatives implemented by management. As a result, operating margins improved by 2.4% to 9.4% in fiscal 2Q16."
and for those who claim Dirt (I mean Ground) is carrying Express:
"FedEx Express forms 53% of the company’s revenue and accounts for 55% of its profits. FDX expects margins to improve further, adding to the company’s profitability."
By Ally SchmidtDecember 24, 2015 12:05 AM