FedEx income up 45%
FedEx Corp. reported a 45% increase in fiscal first-quarter net income, paced by growth in volume in its express and ground-shipping divisions. For the quarter that ended Aug. 31, the delivery giant posted net income of $158 million compared with net of $109 million in the year-earlier period. Its revenue rose 8.1% to $5.45 billion from $5.04 billion a year earlier. Operating income was up 20% to