Business

FedEx Overtakes UPS as the New King of Delivery

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All hail the new king of packages. 

For the first time in history,

FedEx

FDX

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-0.41%

decrease; red down pointing triangle

eclipsed United Parcel Service UPS -0.69%decrease; red down pointing triangle this week in market capitalization, a sign of how much Wall Street is rewarding the delivery giant that can shrink the fastest to boost profits.

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