Despite the weakness in package volumes, FedEx Corporation (FDX) shares gained in double digits in 2024, outperforming its industry. To combat the resultant top-line weakness, FDX has been cutting costs. Driven by its cost-cut initiatives, FDX shares gained 11.2% in 2024 in contrast to its industry’s and rival United Parcel Service’s (UPS) 11% and 19.8% decline, respectively.Price Performance in 2024Image Source: Zacks Investment ResearchGiven the stock’s outperformance and the company’s continued cost redu ...