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FedEx signals better economy; express shipping rates to rise

(Reuters) – Shares of FedEx Corp jumped as much as 4 percent on Wednesday after the shipping company said cost cuts helped it to post a better-than-expected quarterly profit, and it announced rates would increase next year for express shipping amid improving global economic conditions. The company also backed its full-year profit outlook for earnings-per-share growth of 7 percent to 13 percent …

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