FedEx has reported a 34% growth in profits during the fiscal year up to May 2014. The cargo airline earned $2.08bn in net profit, compared to $1.56bn for the previous fiscal year. Overall, FedEx reports a 3% rise in revenue to $45.57 bn. CEO Alan Graf said: “FY2014 was a good year for FedEx and we expect FY2015 to be even better amid continued modest economic improvement globally.”

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