FedEx Corp. Announces Wage Increases, Bonuses, Pension Funding

FedEx Corp. Announces Wage Increases, Bonuses, Pension Funding

FedEx Corp. Announces Wage Increases, Bonuses, Pension Funding

Plans call for speeding up 2018 annual pay increases by six months to April 1 from the typical October date.

FedEx Corporation has announced that they are investing $3.2 billion in bonuses, wage increases, and benefits due to the passage of the Tax Cuts and Jobs Act. About two-thirds will go to pay increases for hourly workers and the remainder of the $200 million will go to incentive pay for salaried workers.

Rob Gronkowski remained out of practice Friday
Both Gronkowski and Wise are listed as "Out" for Friday on the Pats' official injury report, but that's no surprise. With the extra week off before the Super Bowl against the Philadelphia Eagles , however, there is still time.

Out of the $3.2 billion that the FedEx Corporation will spend, almost half - $1.5 billion - will go to capital expenditures to expand FedEx's 2.4-million-square feet facility at the Indianapolis International Airport.

The Tax Cuts and Jobs Act aimed to spur corporate investment in the USA through a number of new policies, most notably reducing the corporate tax rate by 14 percentage points to 21%, from the previous 35%.

Southampton sign striker in club record deal
Carrillo scored 15 league goals in his two-and-a-half seasons at Monaco , but started only seven times since the start of the 2016/17 campaign.

"Despite what Democrats may tell you, tax reform is working", he said.

FedEx is one of a number of companies in recent weeks to announce reinvestment as a result of the tax overhaul. We've already seen it from Home Depot, AT&T, Wells Fargo, Disney, and others.

Ford Buys 2 Companies, Aims For 100% Connected Cars By Next Year
Mobility Platforms and Products will design and develop the technology Ford needs for its planned mobility services. Durham, North Carolina-based TransLoc is a provider of demand-response technology for transportation applications.

The firm will also be investing $1.5bn in a "significant" expansion of its FedEx Express Indianapolis hub over the next seven years, while the Memphis SuperHub will also be modernised and enlarged in a major new programme.

Latest News