FedEx Overtakes UPS in Market Value, Fueled by Aggressive Cost-Cutting

FedEx Corp. eclipsed United Parcel Service Inc. in market capitalization for the first time in early March 2026.

FedEx reached a market value of approximately $84.9 billion.

UPS recorded a market value of $84.86 billion during the same period.

UPS continues to handle a larger volume of packages despite the valuation shift.

Investors rewarded FedEx for aggressive cost-cutting initiatives and plans to boost margins.

FedEx also intends to spin off its freight business to drive value.

UPS faced a multi-year stock decline driven by rising labor costs and falling package volumes.

Strategic uncertainty regarding the UPS relationship with Amazon further pressured its stock.