Transport Topics

FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume. Adjusted earnings this fiscal year will be $14.60 to $15.20 a share, up from a prior forecast of no more than $14, the Memphis, Tenn.-based company said. Analysts were expecting $13.57 on average, according to estimates compiled by Bloomberg. Learn more about your ad choices. Visit podcastchoices.com/adchoices