Summer slows down FedEx Kinko’s

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22 September 2004 – Memphis (TN): FedEx Kinko’s posted revenue of $490 million in Q1 with operating income of $19 million during the "slower summer period".

FedEx said those figures were below Q4 levels despite strong commercial demand. FedEx Kinko’s in the US carried the full range of FedEx day-definite ground and time-definite global express shipping services for the first time in Q1.

Total sales at FedEx rose 23 per cent to hit $6.98 billion while net income reached $330 million compared to $128 million a year earlier.