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Sep 24, 2016

FEDEX's * USA: Lifts outlook after buying TNT Express

* Tennessee - FedEx says integration is going smoothly, calls results strong despite global economy

--- FedEx Corp. said revenue and operating margins rose at its key express and ground units in its fiscal first quarter and predicted that income also would rise for the year despite being dragged down by newly acquired TNT Express NV... The Memphis, Tenn., delivery giant also said Tuesday it expects another record shipping season during the peak holiday period, lifted by e-commerce, even as it scaled back its broader economic growth outlook... FedEx reported Tuesday revenue in the quarter ended Aug. 31 rose to $14.7 billion from $12.3 billion a year earlier, aided in part by Dutch parcel delivery company TNT, which it acquired in May... 
(Photo: AP - FedEx says the integration of recently acquired TNT Express is proceeding smoothly)  --  Memphis, TENN, USA - The WSJ, by MIKE ESTERL - Sept. 20, 2016

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