FedEx Estimates $4.6 Billion in Capital Spending for 2016
SUGAR LAND--October 27, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) recently announced that capital expenditures for fiscal-year 2016 will increase 7% to about $4.6 billion, from $4.3 billion in 2015. The increase reflects higher investments needed for the continued expansion of the Ground segment of the business, and planned aircraft deliveries to support the FedEx Express fleet modernization program.
Within this article: Details on capital spending plans from FedEx Corporation (NYSE:FDX) and United Parcel Service (NYSE:UPS).
