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FedEx delivers strong 4th quarter

FedEx reported Wednesday that strong exports from Asia and other international shipments drove its improved fourth- quarter results. While concerns about European economies and their looming debt problems remain, Fed Ex said international shipments overall grew by 23 percent. India, China and Brazil in particular are driving the increase. FedEx …

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FedEx Outlook Trails Estimates

FedEx Corp., the world’s largest air-cargo carrier, forecast annual profit that trailed analysts’ estimates on rising health-care and pension costs climb in a “moderate” economic recovery. The shares fell. More: continued here

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