Waybill Tax Lapse Boosts FedEx Quarterly Revenue $19 Million
Federal Express reported that the expiration of the 6.25% air cargo waybill tax on Dec. 31 increased its domestic revenues by $19 million and its yield by 1% in the quarter that ended Feb. 29. "This benefit will continue until such time as the excise tax is re-enacted by Congress," the company said...
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