FedEx to spend US$3.2B-plus on wage increases, bonuses and more following tax changes

A FedEx driver returns to his truck in downtown Pittsburg, March 17, 2017 , The Associated Press/Gene J. Puskar

Rachit Vats, Reuters

Jan 26, 2018

Share

Package delivery company FedEx Corp (FDX.N) said on Friday it planned to spend more than US$3.2 billion in wage increases, bonuses, pension funding and capital investment, taking advantage of the lower tax rates.

FedEx said the recent tax law changes would likely increase GDP and investment in the United States.