FedEx's profit nearly triples as online shopping grows

FILE - In this Tuesday, Dec. 29, 2020, file photo, a FedEx delivery vehicle makes a U-turn near the Denver Pavilions, in downtown Denver. FedEx says its profit nearly tripled in its most recent quarter, despite winter weather that hobbled some of its facilities. Online shopping has surged during the pandemic as more people avoid going inside stores. (AP Photo/David Zalubowski, File)

FILE - In this Tuesday, Dec. 8, 2020, file photo, a driver with FedEx carries a package away from a van, in Seattle. FedEx says its profit nearly tripled in its most recent quarter, despite winter weather that hobbled some of its facilities. Online shopping has surged during the pandemic as more people avoid going inside stores. That has made package delivery companies like FedEx in high demand. (AP Photo/Ted S. Warren, File)