FedEx 4Q Profit Rises On Growth In Ground Shipping - Presented by: The Aol. On Network

The boom in online shopping may be hurting some store-based retailers, but it is doing wonders for FedEx. The package-delivery giant said Wednesday that its fiscal fourth-quarter profit rose sharply thanks to the growth in e-commerce, which is boosting FedEx's ground-shipping business at a time when its core express-delivery segment is flat.



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