Hints and tips:
...The rise reflected 10 per cent growth in volumes and a change to the accounting treatment of the company’s SmartPost service. Revenue at the core FedEx Express air parcel business was flat at $6.72bn....
...Revenues benefited from a change in accounting for revenues of the low-cost FedEx SmartPost business and the acquisition of Genco. Inclusion of both operations reduced margins....
...logistics provider, as well as a change in the accounting treatment of the company’s economy smartpost deliveries....
...In the last quarter, average daily SmartPost volumes grew 17 per cent to 1.7m. Crucially, the deal reduces expenses for FedEx because it can deposit multiple packages at a single post office location....
International Edition