FedEx's Business Transformation Amidst UPS and Teamsters Union Friction.

FedEx is benefiting from the ongoing contract negotiations between UPS and its unionized employees, as it has opened doors for the company to have conversations with legacy UPS customers. While FedEx is not planning for any specific gains, the company feels good about the sales pipeline due to its strong value proposition versus its primary competitor. Talks between the Teamsters union and UPS began on April 17, and the union has authorized a strike if a contract is not produced by July 31.