The second largest U.S. package delivery company, FedEx (NYSE: FDX) , and the world’s largest package-delivery company, the United Parcel Service (NYSE: UPS) or UPS, have delivered contrasting results. While the former reported a rise in revenues and a sharp drop in earnings, the latter saw increasing top and bottom lines – despite the setbacks coming from the failed acquisition bid for the European package delivery giant TNT Express (NASDAQOTH: TNTEY) . FedEx, however, captured global headlines due to a deal with the U.S. Postal Service even though the deal might not be as attractive as investors would have liked.
How FedEx Stole UPS