FedEx Profit Flat; Expenses Increase

FedEx Corp., the largest overnight delivery company, said profit in its fiscal second quarter was unchanged as costs rose faster than sales and year-earlier results benefited from $116 million in government aid after Sept. 11.

Net income was flat at $245 million, or 81 cents a share. Revenue climbed 10% to $5.67 billion, after the company handled more shipments from Asia and Europe and carried more packages by truck.

FedEx shares fell 69 cents to $52.91 on the NYSE.