E-Commerce Deliveries Drive Up FedEx Profits

E-commerce sales increased by more than 15% last year, as consumers increasingly enjoy and expect the convenience of shipping purchases to their homes—resulting in a boom for parcel carriers. Shipping companies are rushing to invest in automation technology to keep up with the rapid pace of change in consumer shipping requirements, and those investments are beginning to pay off—especially for FedEx, which reported $0.22 more earnings per share than analysts had predicted for its fiscal fourth quarter.

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