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What Led to a Rise in FedEx Ground Revenues in the Fourth Quarter?

What Led to a Rise in FedEx Ground Revenues in the Fourth Quarter?

Now, we’ll turn to FedEx’s (FDX) Ground segment’s fourth-quarter results. The vertical’s revenues grew 11.7% YoY (year-over-year) to $4.7 billion from $4.2 billion in the fourth quarter. With a 27.7% share in FedEx’s total revenues before eliminations, the Ground segment remains the second-largest contributor to total revenues. FedEx Ground segment’s double-digit revenue growth was fueled by average daily package volume growth and increased base rates.