Company Profile For Fedex Corporation

FedEx Corporation (FedEx) is a holding company. The Company provides a portfolio of transportation, e-commerce and business services through companies that compete collectively, operate independently and manage collaboratively, under the respected FedEx brand. These companies are included in four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. Federal Express Corporation (FedEx Express) is the express transportation company, offering time-certain delivery within one to three business days. FedEx Ground provides day-certain service to every business address in the United States and Canada, as well as residential delivery through FedEx Home Delivery. Effective June 1, 2009, Caribbean Transportation Services, Inc. (CTS), a provider of airfreight forwarding services between the United States and Puerto Rico, the Dominican Republic, Costa Rica and the Caribbean Islands, was merged with and into FedEx Express.

BRIEF: For the three months ended 31 August 2009, FedEx Corporation's revenues decreased 20% to $8.01B. Net income decreased 53% to $181M. Revenues reflect lower income from FedEx Express segment and a decrease in FedEx Freight segment revenue. Net income also reflects higher depreciation & amortization charges and an increase in net interest expense. The Company is engaged in a portfolio of transportation, e-commerce and business services.