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FedEx's ground business boosts fourth-quarter revenue

(Reuters) – FedEx Corp reported a better-than-expected 3.5 percent rise in quarterly revenue as the world's No. 2 package delivery company benefited from higher volumes in its ground business. FedEx Ground's average daily volume increased 8 percent in the fourth quarter ended May 31, primarily driven by growth in e-commerce, the company said. Total revenue rose to $11.8 billion from $11.4 …

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