FedEx Volumes Support Bernanke View Economy on ‘Firmer Footing’

Gains in FedEx Corp.’s overnight box shipments in the U.S. reinforce the Federal Reserve’s view that the economic expansion is on a “firmer footing.”

Average daily volume rose 2.4 percent to 1.22 million boxes in the quarter ended Feb. 28 from a year earlier, the second-largest U.S. package-shipping company reported today. It was the highest level of such shipments for a fiscal third quarter since 2006.