Home / FedEx / FedEx upbeat on outlook despite lower quarter profit (Manila Bulletin via Yahoo! Philippines News)

FedEx upbeat on outlook despite lower quarter profit (Manila Bulletin via Yahoo! Philippines News)

CHICAGO, September 19 (Reuters) – FedEx Corp. reported a 53 percent drop in quarterly profit as the worldwide economic downturn continued to weigh on shipping volumes. But the package delivery giant and economic bellwether said most of its markets were continuing to show signs of improvement, raising the prospect of a wider rebound that might help lift other companies and sectors out of the …

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