As we look ahead to fiscal year ’23, we expect the macroeconomic risks both in the U.S. and globally to continue to put stress on supply chains and trade. Let me now reaffirm confidence in our key strategies. Thank you, Mickey, and good afternoon, everyone.
Additionally, we are implementing several technology-based initiatives that are driving increased productivity in our line haul and dock operations as well as continuing our efforts to optimize the last mile. We’re seeing early benefit from these efforts, with productivity of ground dock operations improving 6% in Q4 compared to Q3. FedEx freight once again delivered outstanding results with fourth quarter operating margin of almost 22% driven by a continued focus on revenue quality. A job well done to Lance Moll on his first full fiscal year as freight CEO and to our freight and commercial teams for their solid execution. We have multiple initiatives underway to mitigate the cost of risk, including new vehicle safety technology and driver certification standards in our service provider agreements.
And what we are prepared to pull some levers here. We’re already moving, making sure there’s significant cost controls. But I would say in terms of the guidance that we have, the fuel price assumption that we have in there is not as high as current fuel prices. So that is maybe a little more help for you on that front.
I think, firstly, yes, a year ago, for this time, we saw significant challenges on the labor front that the labor availability started to go away from us, and the volume was very strong. And that resulted in inefficiencies on the network and also service challenges. By peak, we had unwound most of the network inefficiencies, and we are heavily focused on improving our service.
Just trying to get a sense of the kind of relative frame of that. And I guess I would also kind of look back to the analyst meeting 10 years ago where you had the express improvement program, and you had a lot of improvement, but it took a couple of years to see that. So I guess just trying to figure out how quickly we see some of the costs and productivity measures come through and cahaba medical care woodstock how big of a component that is versus price and revenue quality in fiscal ’23. At express, adjusted operating income increased by nearly 10% year over year, with operating margin improving by 20 basis points to 8.2%. This improvement was driven by higher yields, including the favorable net impact of fuel and lower variable compensation, which more than offset volume declines.
From Ahmedabad India to Berlin – Germany on 11th May 2022 in priority service. The pickup would be schedule for today i.e. 12th May 2022. There is no FedEx customer care phone number available from the USA to India to talk to them, so my brother starts calling them… I have sent a parcel from the USA to India, Some clothes for alterations, that package stuck in Custom.
The fourth quarter earnings release and stat book are on our website at fedex.com. This call is being streamed from our website where the replay will be available for about one year. Joining us on the call today are members of the media.