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Operating profit and margin improvements were driven by volume and revenue growth, particularly in higher-margin IP package and IP freight
services, as well as continued actions to control spending.
FedEx Ground Segment
For the third quarter, the FedEx Ground segment reported:
• Revenue of $1.91 billion, up 7 percent from last year’s $1.79 billion
• Operating income of $258 million, up 32 percent from $196 million a year ago
• Operating margin of 13.5 percent, up from 10.9 percent the previous year
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