FedEx sees peak season bounce

US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn. “We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer. Operating results for the third quarter ended...

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AirAsia revenue jumps 40% under cargo services

Upgrowing Malaysian airline AirAsia X Berhad achieved a revenue of 749.5 million ringgits ($233 million) for the quarter ending 31 March, while carrier cargo services geenrated 25.3 million ringgits throughout. The cargo revenue is a 27 per cent year-on-year increase from the 19.9 million ringgits it generated in the same quarter last year. The...

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