FedEx profit soars in 4th quarter

Online shopping helps propel earnings to $730 million

Posted: June 19, 2014 at 2:59 a.m.

FedEx drivers are staying busy, with the firm’s CEO on Wednesday calling the Memphis-based company’s fourth quarter “outstanding.”

The boom in online shopping is hurting some store-based retailers, but it is doing wonders for FedEx Corp.

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