The latter is a key point because much of the narrative around Amazon.com 's (NASDAQ: AMZN) expanding its delivery network centers on the potential for it to eat the lunch of UPS and FedEx. The evidence is that UPS and FedEx have struggled to deal with managing profitability in the face of strong e-commerce delivery growth. Around the time of the company's first-quarter 2017 results in late September, FedEx Corporation (NYSE: FDX) followed rival United Parcel Service, Inc (NYSE: UPS) in hiking selected shipping rates by 4.9% -- a rate far in excess of inflation.