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Why FedEx Freight Segment’s Revenues Rose in the Fourth Quarter

Samuel Prince
Updated
Why FedEx Freight Segment’s Revenues Rose in the Fourth Quarter

In this part, we’ll review FedEx’s (FDX) Freight segment’s performance in the fourth quarter. The vertical’s revenues jumped 16.4% to ~$1.8 billion in the fourth quarter compared with ~$1.6 billion in the corresponding quarter of fiscal 2017. FedEx Freight revenues grew due to an 8% increase in revenue per shipment and an equal rise in the average daily shipments. Revenue per shipment growth was fueled by increased weight per shipment and revenue quality improvement measures.

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