FedEx Corporation FDX shares have surged 84.4% of value in the past year compared with the industry’s 74.8% increase.FedEx's cash position is solid. Notably, FedEx exited the second quarter of fiscal 2021 with cash and cash equivalents of $8,339 million, way above the debt load (current portion) of $97 million. This indicates that the company has sufficient cash to meet current debt obligations.We are also pleased with the company’s efforts to reward its shareholders even in these difficult times. Notably, its dividends have witnessed a five-year CAGR of 26%. This reflects FedEx's shareholder-friendly approach. We are also positive on the acquisition of Cargex. The buyout has strengthened the company’s Latin American footprint.The company's performance in the last reported quarter was aided by higher Ground revenues (up 38.2%) on residential delivery volume growth. Operating income (on an adjusted basis) soared more than 100% year over year to $1.51 billion in second-quarter fiscal 2021 due to pandemic-driven rise in demand for residential delivery services as well as higher demand for business-to-business delivery services.Meanwhile, there has been a significant reduction in air cargo capacity due to the loss of commercial airline capacity. Moreover, though commercial volumes have been improving since May, it is below year-ago levels.Favorable Estimate RevisionsThe Zacks Consensus Estimate for current-year earnings has increased 18.6% to $3.25 per share in the past 90 days.Zacks Rank & Other Stocks to ConsiderFedEx currently carries a Zacks Rank #2 (Buy).Investors interested in the broader Zacks Transportation sector can also consider stocks like Triton TRTN, Kansas City Southern KSU and Herc Holdings Inc. HRI. Triton and Herc Holdings sport a Zacks Rank #1 (Strong Buy), while Kansas City Southern carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1(Strong Buy) Rank stocks here.Long-term expected earnings per share (three to five years) growth rate for Triton, Kansas City and Herc Holdings is pegged at 10%, 15% and 31.2%, respectively.Biggest Tech Breakthrough in a GenerationBe among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.See 8 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kansas City Southern (KSU): Free Stock Analysis Report FedEx Corporation (FDX): Free Stock Analysis Report Herc Holdings Inc. (HRI): Get Free Report Triton International Limited (TRTN): Free Stock Analysis Report To read this article on Zacks.com click here.