FedEx's profit jumps as residential deliveries soar

FILE - In this Dec. 18, 2014 file photo, a Federal Express driver returns to his truck after delivering a package to a business in Springfield, Ill. FedEx earned $1.25 billion in its latest quarter, as online shopping remained popular among customers avoiding stores and shipments between businesses improved. The delivery giant reported Tuesday, Sept. 15, 2020 that it brought in $19.3 billion in revenue during the three months that ended Aug. 31, FedEx's fiscal first quarter.

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.

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