Key Takeaways FDX and UPS face demand weakness, prompting a closer look at their fundamentals and strategies.UPS is pressured by falling U.S. volumes, weaker international margins and a high dividend payout ratio.FDX benefits from broad cost cuts, rising shareholder returns and revenue growth for fiscal 2026.United Parcel Service (UPS) and FedEx (FDX) , boasting sizable market capitalizations of $81.4 billion and$63.1 billion, respectively, dominate the Zacks Transportation—Air Freight and Cargo industry. ...