March 22, 2012: FedEx Corp. said Thursday its profit between December and February more than doubled as its ground and freight segments shipped more packages and charged higher prices.
In its fiscal third quarter, the world's second-largest package delivery company earned $521 million or $1.65 per share, compared with $231 million, or 73 cents per share, a year earlier.
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The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter. The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.
