Solid Pricing and Express Execution Lift FedEx Operating Profit to Record High
FedEx grew normalized fiscal fourth-quarter EPS by a strong 29% chiefly due to the TNT Express acquisition, strong pricing in all segments, decent volume growth, as well as continued excellent Express margin performance. The firm improved yield by 7% in domestic Express (4% excluding fuel), 2% in international export package (flat ex fuel), 7% in Ground (6% ex fuel), and 6% in Freight (4% ex fuel). Volume grew 30 basis points in domestic Express, 5%-6% in international packages, and 3% in Ground...FedEx provides transportation, e-commerce and business services through companies under the FedEx brand. These companies are included in the following segments: Federal Express Corporation, including TNT Express B.V., is an express transportation company; FedEx Ground Package System, Inc., which is a provider of small-package ground delivery services; FedEx Freight Corporation, which is a provider of less-than-truckload freight services; and FedEx Corporate Services, Inc., which provides sales, marketing, information technology, communications, customer service, technical support, billing and collections services, and certain back-office functions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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