FedEx CP quote from the recent past--

"UPS will look more like FedEx in a few years and FedEx will look more like UPS."

FedEx has been growing in the ground freight side. This business is in a downturn and recent growth in that area has not resulted in good profit. But at least one analyst still thinks buying Watkins trucking was a very good move. A necessary area of growth for FedEx.

UPS is growing in Europe and China. FedEx is too.

For UPS' growth internationally--Is it just freight or is there some express cargo too? The real prize will be the most express cargo. It will take awhile for the network to flesh out internationally. Interesting times.