FedEx Earnings Hurt by Bad Weather

Written By The USA Links on Wednesday, 19 March 2014 | 05:39


WSJ.com: US Business

FedEx Earnings Hurt by Bad Weather

Updated March 19, 2014 8:17 a.m. ET


FedEx Corp. said severe winter weather dragged down its fiscal third-quarter earnings—resulting in the company missing market estimates—as repeated storms disrupted operations, lowered shipping volumes and raised costs.


The snowstorms and frosty temperatures hurt the package-delivery company's operating income by about $125 million and caused...





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