FedEx Corp
FDX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
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| &<# | LOCK|>MFpJ | LOCK|%jzGW&< |
FedEx's Domestic Package Volumes Show Resilience Heading Into Fiscal 2026
Business Strategy and Outlook
Overnight delivery pioneer FedEx is one of three large carriers that dominate the global for-hire parcel delivery landscape—FedEx and UPS are the major US incumbents, while DHL Express leads Europe. Furthermore, its FedEx Freight division is the largest domestic US less-than-truckload carrier. UPS has been around much longer in the US ground market, forging a density advantage and higher margins, but FedEx has gradually enhanced its ground positioning over the past decade, with help from its slight speed advantage over UPS and capacity investment.
