FedEx reported mixed fiscal third quarter results before the bell on Wednesday. The company beat on earnings, missed on revenue and narrowed its full-year profit forecast. Estimize senior vice president Christine Short calls the quarter a good one overall, but explains that FedEx’s top line came in light due to lower fuel surcharges and the strength of the U.S. dollar. Despite consumers shopping more as a drop in fuel prices has given them additional disposable income, Short says FedEx hasn’t been able to charge as much in terms of fuel surcharges, since they base them on the adjusted gallon of gas prices. However, Short explains why she believes FedEx’s introduction of dimensional weight pricing should help the company going forward.
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