- FedEx reported increased revenue, operating income, and net income for its third quarter ending February 28, with growth in package volume across various segments. For its fourth quarter ending February 28, FedEx also saw increased revenue, package volume, and growth across segments. - UPS also reported increased revenue, operating profit, and earnings per share for its first quarter ending March 31, with revenue growth and margin expansion across all segments. Daily package volume increased slightly after two years of declines. - A US federal judge ruled in favor of FedEx ground delivery drivers, finding that they were employees rather than independent contractors under Illinois state law, in a case that could cost FedEx over $1 billion.