Table: What's Up in the Air...and on the Ground

FedEx rules the skies, but UPS is bigger on land. Overall, UPS earns more on each package.

UNIT UNIT OPERATING AVG DAILY COST PROFIT MARGIN VOLUME

AIR DELIVERIES, U.S. FEDEX $15.27 $0.93 6% 2,924,000 UPS $14.60 $3.76 22% 2,162,000

GROUND DELIVERIES, U.S. FEDEX $4.77 $0.68 13% 1,541,000 UPS $4.95 $0.61 11% 10,945,000

OVERALL AVERAGE, INCLUDING INTERNATIONAL FEDEX $11.89 $0.85 7% 4,788,000 UPS $6.65 $1.17 15% 14,236,000

Data: Credit Suisse First Boston

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