FedEx to invest $3.2 billion in people and facilities in response to tax reform

Discussion in 'Fedex Freight' started by Jeff, Jan 26, 2018.

  1. Jeff

    Jeff Highly Trained Staff

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    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.
     
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  2. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    Great news!!! :woot2:
     
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  3. Hoot Owl

    Hoot Owl Well-Known Member

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    It would have been good to see some better medical insurance....
     
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  4. princess

    princess Active Member

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    True that...but at least the pension and 401k funds are safe from judgements if one ever files for ch. 7 BK due to medical bills. :)
     
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  5. FedexLube

    FedexLube Well-Known Member

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    Lol true dat
     
  6. FedexLube

    FedexLube Well-Known Member

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    I woulda preferred the extra week vacation. Money is nice but time off is better since I prefer to work to live as opposed to live to work. Disappointed
     
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  7. mikepetry

    mikepetry Member

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    I dont think we have bad insurance.
     
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  8. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    Congratulations you get joke of the year. :biglaugh:
     
  9. truckingBORED

    truckingBORED Your Huckleberry

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    I can't see anything, I can't afford the Vision co-pay for contacts.
     
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  10. Crazy Trucker

    Crazy Trucker Clown Math Expert

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    :lmao:
     
  11. ulmerfudd

    ulmerfudd New Member

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    Does this include employees at Fedex Freight
     
  12. Hoot Owl

    Hoot Owl Well-Known Member

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    I think it sucks just to be honest but that’s just my opinion.
     
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  13. Clandestine_ice

    Clandestine_ice Kansas_City_Kitty

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    Hoot-Hoot! Don't pollute, never be a dirty bird

     
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  14. Big Dave

    Big Dave What?! A low bridge and boardwalk at same time?!!

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    I hope Lube is driving....
     
  15. silent trucker

    silent trucker Well-Known Member

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    I heard coop dispatch is investing $3.20 in improvements to the gold hotel. An air freshener or two? What say you BD?

    ST
     
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  16. Big Dave

    Big Dave What?! A low bridge and boardwalk at same time?!!

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    It's $2.20. ST, I've rebuilt dozens of bridge overpasses and half of the boardwalks on the east coast. There will never be a financial "windfall" for the Coop....
     
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  17. silent trucker

    silent trucker Well-Known Member

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    Shopping at walmart for the air freshener, instead of paying truckstop prices? Smart dispatching....
     
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  18. Big Dave

    Big Dave What?! A low bridge and boardwalk at same time?!!

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    Yep. And I buy anti diarrheal pills in bulk at Costco for the Hotel....:1036316054:
     
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  19. silent trucker

    silent trucker Well-Known Member

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    Too much information...Just buy fiber pills.....
     
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  20. BIG R GUY

    BIG R GUY Owner of Patel Hat And Canvas LLC.

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    [​IMG]

    Coop Dispatch uses windfall money to purchase benches for tourists!!!!!
     
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