FedEx Tops UPS in Market Value, Becomes Biggest US Parcel Firm

FedEx Corp. has eclipsed rival United Parcel Service Inc. as the largest US parcel carrier by market value for the first time, a landmark moment underscoring the couriers’ diverging paths in the volatile package-delivery business.

The milestone punctuates a multiyear stock slide for UPS, which has faced pressure from labor costs, declining volume and questions about its relationship with Amazon.com Inc. For FedEx, it’s the latest sign that management has won investors over with plans to trim costs, boost margins and spin off its freight business.