https://www.bizjournals.com/memphis/news/2018/01/26/fedex-to-invest-3-2-billion-in-people-and.html Memphis-based FedEx Corp. announced Friday, Jan. 26, three “major programs” that would total more than $3.2 billion in investments as a result of the U.S. Tax Cuts and Jobs Act. FedEx programs: $200 million in increased compensation: Two-thirds will be allocated to hourly employees by advancing the 2018 annual pay increase to April 1 rather than the normal October increase date. The remaining funds will go toward increases in performance-based incentive plans for salaried employees $1.5 billion voluntary contribution to the FedEx pension plan $1.5 billion investment to expand the FedEx Express Indianapolis hub over the course of the next seven years. Plans also call for the modernization and enlargement of the Memphis SuperHub. FedEx plans to announce those details in spring 2018.