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One platform for global traditional assets
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FedEx tops UPS in market value, becomes biggest US parcel firm
FedEx Corp. has surpassed rival United Parcel Service Inc. in market value, making it the largest U.S. parcel carrier for the first time. This significant shift highlights the different challenges faced by both companies in the competitive package-delivery sector. The milestone reflects a multiyear stock decline for UPS, primarily due to rising labor costs, decreased shipping volumes, and unresolved questions regarding its operational strategies.