OREANDA-NEWS. For the third quarter, the FedEx Freight segment reported:
* Revenue of USD 1.43 billion, up 6% from last year's USD 1.35 billion
* Operating income of USD 68 million, up 94% from USD 35 million a year ago
* Operating margin of 4.8%, up from 2.6% the previous year

Less-than-truckload (LTL) average daily shipments increased 3%, while LTL revenue per shipment grew 3% due to higher rates.

Operating results improved due to the positive impacts of higher LTL revenue per shipment and higher average daily LTL shipments.