Does anyone else import the FedEx or UPS tracking numbers to the Sales Orders BEFORE releasing the Sales Order?
 
Thanks!

Whether or not the sales order is released would just depend on the logic you use when setting up the connection.  You can base it on Sales Order Number (regardless of release status) or process a batch of released orders.  If you are going to do it before releasing, it would have to be one order at a time manually entered unless you could determine some other way to logically identify the orders and quantities going out.