In its second-largest acquisition, Amazon buys the company for $970 million.
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For the third quarter ended Feb. 28, FedEx also reports:
- Operating income of $641 million, up 9% from $589 million last year.
- Net income of $378 million, up 5% from $361 million last year.
- FedEx Express’ U.S. domestic average daily package volume increased slightly.
- FedEx Ground average daily volume grew 8%.