Edward Jones

FedEx tops 4Q forecasts with boost from online shoppers

FedEx Corp.'s latest quarterly profit beat Wall Street expectations thanks to higher rates and an increase in deliveries, as the company continues to benefit from the growth in online shopping.

Executives on Tuesday predicted record business during the holiday season later this year, and said they are considering surcharges to offset higher costs.

The day before, rival United Parcel Service Inc. announced new surcharges for the weeks around Black Friday and Christmas.

Retailers are seeing Christmas sales shift from stores to their customers' computer and smartphone screens. That has caused bumpy holiday seasons for FedEx and UPS, which have often either been caught...

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