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Business Description
FedEx Corporation (FedEx) is a global provider of transportation, e-commerce and supply chain management services. Services offered by the Company include worldwide express delivery, ground small-package delivery, less-than-truckload (LTL) freight delivery, global logistics, supply chain management and customs brokerage, as well as trade facilitation and electronic commerce solutions. FedEx offers integrated business solutions through a network of subsidiaries operating independently, including FedEx Express, an express transportation company; FedEx Ground, a provider of small-package ground delivery services, and FedEx Freight, a provider of regional LTL freight services. Other operating companies include FedEx Custom Critical, a critical-shipment carrier; FedEx Trade Networks, a global trade services company, and FedEx Services, a provider of sales, marketing, supply chain management services and information technology (IT) support for the Company's global brands.

Financial Information
FDX is a global provider of transportation, e-commerce and supply chain management services, offering integrated business solutions through a network of independently operating subsidiaries. For the nine months ended 2/28/03, revenues rose 10% to $16.66 billion. Net income before accounting change rose 12% to $550 million. Results reflect volume growth at FedEx Ground, improved operating margins and lower net interest expense.