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FedEx Q2 profit up 14% as cost cut plan delivers

Friday, December 20, 2013 - 06:00

[DALLAS] FedEx Corp said fiscal second-quarter profit rose 14 per cent as the operator of the world's largest cargo airline began seeing initial results from a US$1.7 billion, three-year cost reduction plan. Net income rose to US$500 million, or US$1.57 a share, the company said on Wednesday.

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