FedEx Corporation reports higher fourth quarter and full year earnings

FedEx Corporation (Memphis) reported fourth quarter net income of $419 million, up from last year’s net loss of $876 million.

For the fiscal full year, net income of $1.18 billion was reported, up from last year’s $98 million.

Copyright Photo: Brian McDonough. McDonnell Douglas MD-11 (F) N586FE (msn 48487) is seen at the Anchorage hub.