UPS Trouncing FedEx Stock as CEO’s $20 Billion Bet Bears Fruit
- Courier sees $20 billion spending plan starting to bear fruit
- ‘What you can’t do is put your head in the sand,’ Abney says
Photographer: Dustin Chambers/Bloomberg
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Not that long ago, Wall Street fretted that tradition-bound United Parcel Service Inc. would lag nimble FedEx Corp., with its fully automated package-sorting hubs, in the race to cash in from surging shipments tied to e-commerce.
It hasn’t turned out that way.