FedEx Trade Networks

The best fleets, buffeted by higher costs and now increasing environmental mandates, manage to stay ahead of competition through vision, strategy, and execution. But in the end, executives say it’s their people who make the biggest difference.

Quarterly revenue, at $21.7 billion, was off 2.3% annually, and operating income, at $1.24 billion, rose 16% annually. Earnings per share, at $3.51, topped the $3.05 from a year ago, topping Wall Street expectations of $3.30. Net income, at $879 million, was up 12% annually.

Late last year, FedEx Logistics, a subsidiary of global freight transportation and logistics services provider FedEx, said its FedEx Trade Networks unit, which provides air and ocean freight forwarding, customs brokerage, and value-added services, was integrating the WiseTech Global’s CargoWise digital platform into its global ocean and air transportation network. LM Group News Editor Jeff Berman recently caught up with FedEx Trade Networks President Patrick Moebel to learn more about this integration with WiseTech and other aspects of the...