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FedEx Corp. reported profits rose 1.3% for its fiscal second quarter versus one year ago, as growth was hampered by a decline in profitability at the less-than-truckload division, according to the company’s Dec. 20 earnings release.

ZTO Express Inc., the first Chinese package-delivery company to list in the United States, said it needs to cut costs in China to maintain profit margins that exceed FedEx Corp.’s.

FedEx Corp. reported profits rose about 1.3% for its fiscal second quarter versus one year ago, but earnings before tax and interest dropped 13% in the freight division, according to company earnings released Dec. 20.

A surge in online holiday shopping has national package delivery companies gearing up for record shipping days heading into Christmas and Hanukkah.

FedEx shares hit $200 Dec. 13 for the first time, propelled by a stock market surge since the election of Donald Trump.

FedEx chief Frederick Smith has gone on the offensive against President-elect Donald Trump's trade proposals, warning of dire consequences if the nation pursues the protectionist policies Trump espoused during the campaign.

At the lab in suburban Collierville outside Memphis, Tennessee, technicians use machines to drop, squeeze, smash and vibrate packages containing such items flat-screen TVs, Memphis barbecue, cakes and guitars.

FedEx Corp. CEO Fred Smith met with President-elect Donald Trump on Nov. 17 in New York.

FedEx expects about 10% growth in holiday season shipping volume amid an avalanche of e-commerce.

The National Transportation Safety Board is investigating the cause of a landing gear collapse on Oct. 28 that damaged a FedEx plane landing in Fort Lauderdale, Florida, officials said.