what nice options to have in 2005. It's a serious question, so here's a serious answer.
If you value more than anything else being home in Louisville, then I would take the UPS management job. Bear in mind, though, that you will work your rear end off in the sims, at the desk, and flying throughout the system giving line checks.
Just like some pilots enjoy teaching in the sim while the rest of us wonder why?, you might be cut out for this UPS job. Stability is a given at both, and so is excellent pay and retirement.....
We like to bash management, but they have a good job if you don't mind being told what to do and where to go, you're good at staying in line, and you love SDF.
I'd stay at FedEx if you don't mind commuting the rest of your career, or are apprehensive about joining management ranks and giving up a good line seniority number.
Good luck.