FedEx’s revenue growth remained strong at 8.5% in 2017, following revenue growth of 19.8% in 2016 on the back of the acquisition of TNT Express. The June 2017 NotPetya cyberattack against TNT Express impacted profitability in 2017, partially offsetting yield and volume growth. A significantly lower effective tax rate supported net profit for the year. FedEx’s capital expenditure is focusing on hub modernisation and expansion, along with aircraft modernisation. If your company has not yet subscribed to IPC’s Carrier Intelligence Reports, please visit this page or email us at market.intelligence@ipc.be.