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.