FedEx, UPS Underway with $3.9 Billion in Active U.S. Projects

May 10, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Home delivery of goods in the U.S. picked up momentum during the 2020 onset of the COVID-19 pandemic and has remained elevated ever since. In addition to the U.S. Postal Service, FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) and United Parcel Service Incorporated (UPS) (NYSE:UPS) (Atlanta, Georgia) are the prominent companies for shipping goods. Both companies are seeking to increase and streamline their distribution footprints with more than 40 active projects, valued at more than $3.9 billion, in the U.S.