Wirestock/iStock Editorial via Getty Images Investment Thesis I believe the ongoing struggles FedEx (NYSE:FDX) has faced are mainly centered around their competitive operating efficiency, as exemplified by the U.S. Postal Service's decision to expand United Parcel Service (UPS) as their primary air cargo provider in April 2024. For years, FedEx has faced challenges in sustaining their operations, especially in securing mutually beneficial terms to extend their contract with USPS. USPS was FedEx Express’s la ...