FedEx Q3 Revenue Strong Thanks to Higher Rates and Surcharges

Overall, FedEx had a good fiscal third quarter (ending February 28), noting that December 2021 was its most profitable December in its history.

Total revenue was up 10% year-over-year while the operating margin (as reported) was 5.6% versus 4.7% same period last year or 6.2% versus 4.9% same period the previous year, adjusted.

The company is primarily ben…