FedEx Corp. reported earnings of $2.84 per diluted share ($3.18 per diluted share on an adjusted basis) for the second quarter ended November 30, compared to earnings of $2.59 per diluted share ($2.77 per diluted share on an adjusted basis) a year ago. Both as-reported and adjusted fiscal 2018 earnings reflect the estimated negative impact of the June 27 cyberattack affecting TNT Express ($0.31 per diluted share). This year’s and last year’s quarterly consolidated earnings have been adjusted for TNT Express integration expenses of $0.33 and $0.18 per diluted share, respectively. Click Read More below for additional information.

A leading, nationwide trucking company told the U.S. Senate Judiciary Committee today that cargo theft is a crisis impacting the entire supply chain that requires immediate action from Congress. Donna Lemm, chief strategy officer for IMC Logistics, testified on behalf of the American Trucking Associations in support of the Combatting Organized Retail Crime Act, which would establish a coordinated multi-agency response and equip law enforcement with new resources to address a surge of cargo theft incidents happening across the country. “Rising cargo theft is affecting the trucking industry across the United States.  We cannot stay silent,” said Lemm.

National Average Price for Regular Unleaded Current: $2.189; Month Ago: $2.213; Year Ago: $2.646. National Average Price for Diesel Current: $2.385; Month Ago: $2.421; Year Ago: $3.001.