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    Jan 26, 2018

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

    Rachit Vats, Reuters

    A FedEx driver returns to his truck in downtown Pittsburg, March 17, 2017

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

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    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.