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FedEx Logs Record Revenue on Surge in Packages

by Bioreports
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Christmas came in July for FedEx Corp. The delivery company posted the highest quarterly revenue in its history as the coronavirus pandemic spurred residential-shipment levels normally seen during the holiday season.

FedEx shipped 31% more packages a day through its Ground network during the summer months. The extra cargo boosted profit more than 60% for the three months ended Aug. 31.

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