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Higher Ground-Shipping Revenue for FedEx

FedEx Corp. (FDX), the world's largest shipping company, just announced fiscal first quarter earnings that has increased 6.5% due to cut cost and increasing the rate for express shipping in coming year for about 3.9% for domestic express  and international shipping business. It's also retired old airplane that is not efficient anymore and buying a new efficient aircraft to cut cost of maintenance.

The ground-shipping demand is growing over 11% and this push its revenue up high. Fedex's share is increasing about 3%.  However, FedEx has to figure it out how to boost the international priority delivery since customers are trying to find a cheaper service due to weak economy.