FedEx Beefs Up Annual Capex to Strengthen Ground Network

SUGAR LAND--March 18, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) plans annual capital expenditures of more than $5 billion during the next two years as it beefs up its ground services network. The big (and getting bigger) global courier service also has increased its planned capital expenditures for the current fiscal year due to increased investment in FedEx's Ground Segment, according to company executives. Industrial Info is tracking active FedEx projects ranging in value from $1 million to $335 million. Within this article: Descriptions distribution projects in Allentown, Pennsylvania and Middletown, Connecticut.