Parcel delivery giant FedEx is better-positioned than its competitors, according to HSBC. The bank forecasts single-digit growth in global parcel volumes over the next five years, compared to double-digit growth pre-pandemic. To be sure, there has been improvement in monthly volume growth trends for FedEx, Jain noted. E-commerce is a key driver of parcel delivery volumes, Jain noted. In 2022, Amazon managed to top FedEx and establish itself as third in the U.S. for parcel delivery volumes.

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Persons: Prash Jain, Jain, — CNBC's Michael Bloom Organizations: FedEx, HSBC, UPS, DHL, Teamsters, Amazon Locations: Thursday's, EMEA, U.S