Get to know your offshore companies: FEDEX CORPORATION (NYSE: FDX)

FedEx Corporation is the leader in global express delivery services. The company provides a broad portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and collaboratively under the FedEx brand.

On 17 March 2022, FedEx reported its third-quarter results. The company reported a revenue increase of 9.77% year-over-year to $23.64bn (Q3 2021: $21.51bn). Third-quarter adjusted operating income increased 37.74% to $1.46bn (Q3 2021: $1.06bn), mainly due to higher revenue per shipment and a net fuel benefit in all transportation segments. The quarter’s results also benefited from lower variable compensation expenses and less severe winter weather, resulting in favourable year-over-year comparisons.

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