FedEx has recorded weak financial performance in FY2009.The revenues of the company declined
by 6.5% from $37,953 million in FY2008 to $35,497 million in FY2009. In addition, there has been
a significant decline in revenues from its key segments in FY2009. For instance, the revenues from
the FedEx Express segment declined by 8.4% compared to FY2008. Similarly, the revenue from
the FedEx Freight segment and FedEx Services segment declined by 10.5% and 7.5%, respectively,
in FY2009