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FedEx's Smith outlines ambitious profit goals

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Wednesday, October 10, 2012

FedEx Corp. announced Tuesday evening programs that it expects will improve annual profits by $1.7 billion during the next three years, with a significant portion of the benefits achieved by fiscal 2015. The company had net income of $2 billion, and operating income of $3.2 billion on revenue of $42.7 billion in its fiscal year which ended May 1. FedEx also announced that David F. Rebholz, president and chief executive officer of FedEx Ground, will retire effective Ma...

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