NEW YORK (MarketWatch) â FedEx Corp. reported an 18% drop in second-quarter profit and missed its revenue target Thursday, but the Memphis package-delivery giant noted that the holiday season is going better than it expected. .... It also faced higher fuel costs. http://www.marketwatch.com/story/fedex-profit-falls-18-on-higher-costs-2010-12-16 Ooppps. Again higher costs. Ay, ay, ay.