Blindjim, a) the damage required that I replace the cd player transport, so it was not inexpensive and I thank Steve and GNSC for helping me, b) FedEx replied with a cursory form letter saying they would not pay, because there was no evidence it was their fault. It worked before I mailed it and it did not work after. However, there was no visible damage to the box, which appears to be the FedEx benchmark.
Regarding UPS: What upset me with UPS was that I telephoned them and was told they charge the same rate at the store as online. After shipping from the store with insurance, I went online to find that I could have saved about 30% or about $50 by shipping online. If they charge more for insurance at the store, I feel they should say so. If the UPS Store insurance product differs from the online one, then they should say so.
Recently, I sold an amp and the buyer asked me to put a couple of inches of foam peanuts between the inner and outer box. It was a pain to pack, but I think I may continue the practice for heavy items as I imagine it helps to have something to absorb the g-forces over miles of bouncing along in the back of a truck. Jeff