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FedEx Benefits From Higher Shipping Rates, Fuel Surcharges

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FedEx Corp.’s revenue rose 8% in its fourth quarter as higher shipping rates and fuel surcharges offset a smaller volume of packages shipped.

The delivery giant’s operating income rose 6.7% from a year earlier to $1.9 billion, led by its Freight and Express units, where operating income rose 67% and 20%, respectively.

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