FedEx's profit jumps as residential deliveries soar
By CATHY BUSSEWITZ, AP Business Writer NEW YORK (AP) — FedEx's profit jumped 67% in its latest quarter, as online shopping soared among customers avoiding stores and shipments between businesses improved. The delivery giant reported Tuesday that it earned $1.25 billion during the three months that ended Aug. 31, FedEx's fiscal first quarter. That was up from $745 million a year earlier. Its revenue