FedEx Quarterly Profit Surges 24% to $606 Million
Net income totaled $606 million or $2.10 per share, up 37% from last year’s $1.53 per share. Revenue was $11.7 billion, an increase of 6% from the same time a year earlier.


Trucking and package delivery giant FedEx Corp. on Wednesday reported a 24% surge in its fiscal year first quarter profit.
Net income totaled $606 million or $2.10 per share, up 37% from last year’s $1.53 per share. Revenue was $11.7 billion, an increase of 6% from the same time a year earlier.
“FedEx Corp. is off to an outstanding start in fiscal 2015, thanks to very strong performance at FedEx Ground, solid volume and revenue increases at FedEx Freight and healthy growth in U.S. domestic volume at FedEx Express,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer.
FedEx reaffirmed its fiscal 2015 earnings forecast of $8.50 to $9.00 per share. The outlook assumes no net year-over-year fuel impact and continued moderate economic growth, according to the company.
For the quarter, the FedEx Freight segment reported revenue of $1.61 billion, up 13% from last year’s $1.42 billion, and operating income of $168 million, up 70% from $99 million a year ago.
Less-than-truckload average daily shipments increased 11%, including a 13% increase in demand for priority service. LTL revenue per shipment increased 3% due to higher weight per shipment, increased fuel surcharge revenue and higher rates, according to the company. Operating results improved due to increased LTL revenue per shipment, higher average daily LTL shipments and solid cost management.
The FedEx Express segment reported revenue of $6.86 billion, up 4% from last year’s $6.61 billion, and operating income of $369 million, up 35% from $273 million a year ago.
The company said revenue increased due to higher U.S. domestic package volume and international export package yields partially offset by lower freight revenue. U.S. domestic package volume grew 5%.
The FedEx Ground segment reported revenue of $2.96 billion, up 8% from last year’s $2.73 billion, and operating income of $545 million, up 13% from $483 million a year ago.
FedEx Ground average daily volume grew 6% in the first quarter, primarily driven by growth in e-commerce, according to the company. Revenue per package increased 3% due to increased rates and higher residential and fuel surcharges.
As previously announced, FedEx will increase shipping rates effective January 5, 2015.
FedEx Express will increase shipping rates by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services.
FedEx Ground and FedEx Home Delivery will increase shipping rates by an average of 4.9%. In addition, as announced in May, FedEx Ground will also begin applying dimensional weight pricing to all shipments.
FedEx Freight will increase shipping rates by an average of 4.9%. This rate change applies to eligible FedEx Freight shipments within the U.S.; including Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands; between the contiguous U.S. and Canada, within Canada, between the contiguous U.S. and Mexico, and within Mexico.
More details about the company’s financial performance can be found on the FedEx website http://investors.fedex.com/investor-home/default.aspx
Originally posted on Automotive Fleet
More Operations

Top 50 Executive Fleets
It is that time of year again! Time for the 2026 list of the Top 50 Executive Fleets, presented by Automotive Fleet and Volvo as part of its annual Fleet 500. Download now to see this year's list of companies!
Read More →
Behind the Scenes: Building the Ringmaster of the Road from Body to Paint Part 2
The body is built, the paint is on, and Team Fletcher’s Soap Box Derby car is nearly ready for testing ahead of race day in Akron.
Read More →
It's All Downhill from Here! Fleet Industry Raises $22,000 for Skilled Trades Scholarships
Work Truck’s Lauren Fletcher and Automotive Fleet’s Chris Brown turned a friendly racing rivalry into $22,000 for automotive technology and skilled trades scholarships.
Read More →
Fleet Confidence, Safety, and Smarter Risk Management Lead This Month
This month’s TruckChat: Top Monthly News Recap explores what it takes to build confidence across a fleet, from stronger leadership and technician support to better safety preparation, smarter use of telematics, and clearer plans for when something goes wrong.
Read More →From Fleet Operator to OEM Leader: Tina Kourakos’ Career Lessons
Tina Kourakos shares the lessons, relationships, and career pivots that shaped more than 30 years in fleet, plus the advice every new fleet manager should hear.
Read More →
WEX Brings Standard Fleet's Connected Vehicle Platform to Fleet Customers
This week’s product launch with Standard Fleet’s connected vehicle platform reflects WEX Venture Capital's strategy of turning startup innovation into customer solutions. Standard Fleet is now available to WEX fleet customers.
Read More →Meet Atlas: Motive's AI Assistant for Fleets
Artificial intelligence is becoming a practical tool for fleet operations. In this video, Emily Parsons introduces Atlas, Motive's AI-powered assistant that combines conversational search with the ability to perform actions across the Motive platform.
Read More →The Top 300 Commercial Fleets
The Top 300 Commercial Fleets: See the List
Read More →
NTEA Releases Updated Federal Excise Tax Guide for the Work Truck Industry
NTEA’s latest revised edition of its Federal Excise Tax Guide for the Work Truck Industry is now available to help fleet leaders navigate complex federal tax requirements.
Read More →
Super Dispatch Powers Centralized Vehicle Transport Operations for Merchants Fleet
Merchants Fleet has replaced fragmented transportation processes with Super Dispatch’s unified, API-powered platform to improve visibility, automation, and carrier performance.
Read More →
