After a year of transition, this is a defining moment for FedEx. During 2011, an improved economy, robust customer demand and decisive actions to grow our business increased volumes and yields across all FedEx transportation segments. Revenues reached nearly $40 billion, a 13 percent year-over-year increase, and earnings per share grew more than 20 percent year over year. We are reaping the benefits of strategies we executed in tougher times.

I encourage you to visit our new Annual Report website to learn more about our momentum. You’ll find good news about global trade trends that drive our business. Read examples of how we’re making it even easier to access global markets. See how we’re systematically working to create a more secure energy future.