Why FedEx Freight Segment’s Revenue Rose in the First Quarter
In this article, we’ll look at the first-quarter performance of FedEx’s (FDX) Freight segment. The segment accounted for 11.9% of total revenue before elimination in the first quarter. The Freight segment’s share in total revenue went up 0.6% YoY (year-over-year) in the quarter from 11.3% in Q1 2018.