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State of Logistics 2016: Pursue mutual benefit November ATA truck tonnage sees gains, continuing uneven growth pattern FedEx posts gains but falls short of Wall Street expectations for fiscal second quarter earnings IDC report highlights the opportunities and risks in the ongoing digital transformation Diesel prices hit 2016 high, according to Energy Information Administration More News Fiscal second quarter earnings for transportation and logistics bellwether FedEx were a mixed bag, with the company posting revenue gains but falling short of Wall Street expectations. Quarterly revenue at $14.93 billion was up 16.6 percent annually, operating income at $1.167 billion was up 2.6 percent, and net income at $700 million was up 1.3 percent. Earnings per share at $2.80 were up 7.9 percent annually but did not meet Wall Street expectations of $2.91 per share. “FedEx increased revenues and operating income despite continued low growth rates in the global economy. We are in the home stretch of our peak shipping season, and our service levels are high, thanks to the outstanding efforts of our hundreds of thousands of team members around the world,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer, in a statement. “The integration of TNT Express into our broad portfolio of global business solutions is proceeding smoothly and according to plan.” Individual unit quarterly performances: FedEx Express quarterly revenue, excluding integration costs related to its acquisition of TNT Express, were up 2.2 percent annually at $6.74 billion, with operating income up 2.2 percent at $636 million. Operating margin for the segment was flat at 9.4 percent. U.S. domestic revenue per package and U.S. freight revenue per pound were up 3 percent and 6 percent, respectively, with the company citing higher base rates as the driver for the gains. And international export revenue per package […]