Increased spending will add planes, facilities and heavy trucks to FedEx networks
FedEx will increase capital spending 24 percent over the next year, adding $800 million as it replenishes its fleets with new aircraft, trucks and tractors.
The transportation giant plans to spend $4.2 million on equipment and plant in its new fiscal year, compared with $3.4 million in the year that ended May 31.
FedEx Raising Spending to $4.2 Billion in 2012 | Journal of Commerce
FedEx will increase capital spending 24 percent over the next year, adding $800 million as it replenishes its fleets with new aircraft, trucks and tractors.
The transportation giant plans to spend $4.2 million on equipment and plant in its new fiscal year, compared with $3.4 million in the year that ended May 31.
FedEx Raising Spending to $4.2 Billion in 2012 | Journal of Commerce