FedEx tops Street 1Q forecasts

MEMPHIS, Tenn. — FedEx says it plans to hire more than 50,000 extra workers to handle another record year for holiday-season package deliveries.

That's up from last year, when FedEx announced it would hire 20,000 seasonal workers.

FedEx announced its hiring plans Wednesday on a conference call with investors.

Rival UPS says it will hire up to 95,000 seasonal workers. Both companies are benefiting from growth in online shopping.

FedEx Corp. says its net income in the fiscal first quarter is up 24 percent from a year ago, thanks partly to a strong performance by its ground division.

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