UPS rival FedEx posts 35 percent profit jump Wednesday March 22, 11:06 am ET United Parcel Service Inc. competitor FedEx Corp. reported a 35 percent increase in its fiscal third-quarter profit on Wednesday. For the quarter ended Feb. 28, Memphis, Tenn.-based FedEx's net income rose to $428 million, or $1.38 a share, from $317 million, or $1.03 a share, a year ago. Sales rose 9 percent to $8 billion. FedEx (NYSE: FDX - News) attributed the increases to a combination of a better-than-expected holiday season, global economic growth, price increases and lower-than-expected fuel costs. In January, UPS reported a 21 percent jump in its fourth-quarter profit. The company earned $1.05 billion, or 95 cents a share, in the quarter, compared with $866 million, or 76 cents a share, a year ago. Sales rose 21.5 percent to $11.95 billion. Atlanta-based UPS (NYSE: UPS - News) bases its UPS Airlines division at Louisville International Airport. *****Looks like Fed Ex had a good 3rd Qtr and I have been watching their stock price go down and UPS up a little.Some of the articles indicate that even though they posted good numbers, the forcast for the remaining of the year was not to Wall Street expectations.Their growth was 20% ,but the Transportation Sector has risen 22%. So the question is how much business are we going to lose to Fed Ex because they can offer lower rates to customers---because their cost to serve is lower, being non-union and subcontracting everything out??