What FedEx's Earnings Results Mean for UPS Shareholders

It's almost impossible to look at a set of quarterly results from FedEx (NYSE: FDX) without considering what the read-across will be for United Parcel Service (NYSE: UPS). Given that the fiscal 2020 fourth-quarter results FedEx delivered on June 30 were warmly received by the market, it would seem appropriate to take a look at what UPS investors should be expecting when their company next reports on July 22. FedEx's earnings excited the market because the margin on the company's ground delivery business was a lot better than many had feared it would be.