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e-Commerce Demand Pushes FedEx Ground’s First-Quarter Revenue

Samuel Prince
Updated
e-Commerce Demand Pushes FedEx Ground’s First-Quarter Revenue

Here we’ll discuss the FedEx (FDX) Ground segment’s first-quarter operating performance. The vertical is the second-largest contributor to FedEx’s total revenue. The segment made up 29.3% of total revenue before eliminations in the quarter, up 0.4% YoY (year-over-year). Ground segment revenue rose 13.1% YoY to ~$4.8 billion in Q1 2019 from $4.2 billion in the first quarter of 2018. The vertical’s strong revenue growth was on account of average daily package volume growth and higher base rates.

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