FedEx Corp
FDX: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|Bb | LOCK|&zHj | LOCK|>@%j$V |
New Business Wins Fueling FedEx's Domestic Package Volume Growth
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 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.
