FedEx Announces Good News Due to Trump’s Tax Reform

Joe Scudder
Written by Joe Scudder

Like other companies, FedEx announces new benefits for employees because of the money they are saving.

Companies such as Walmart and Starbucks have announced better wages for employees due to Republican tax reform. Now FedEx announces their financial plans in the wake of tax reform. This doesn’t mean FedEx wants to “help” their employees. It means the leadership know that they will be more productive with happy and better paid workers. Trump has given them the resources to invest in their workforce.

The IndyStar reports, “FedEx credits tax cuts for $1.5 billion expansion of Indianapolis hub.

FedEx is crediting the Republican tax cuts for its plans to invest $1.5 billion into its Indianapolis shipping hub, the company announced Friday.

The Memphis-based carrier said it will expand its hub at the Indianapolis International Airport over the next seven years, though a representative reached by IndyStar declined to provide details on the scope of the project or potential new jobs created.

[…]

The Indianapolis announcement was among three commitments FedEx on Friday said it will undertake in the wake of the tax cuts. The company said it will invest more than $200 million to give employees raises in April, six months earlier than usual. Two-thirds of the compensation money will fund raises for hourly employees. The rest will go to raises based on performance. And FedEx said it will contribute $1.5 billion to its pension plan.

Read the entire story.

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

Joe Scudder

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Send this to a friend