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FedEx sees sequential improvement from Q1 to Q2, y/y improvement

Sees improvement from the $4.05 on a y/y basis. Says the company also shared in September that “We expected to maintain or improve margin at FEC, and we expect that to be on the improvement side for FEC.” Expects there will be some margin contraction at freight “consistent with what’s happening in the industry.” Comments taken from the Baird 55th Annual Global Industrial Conference.

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