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>Yes, FedEx didn't follow up with the massive new boosts they promised (besides the pension fund). They've been building 800,000 square feet of new sort facili
by ryanmercer 7y ago
>Yes, FedEx didn't follow up with the massive new boosts they promised (besides the pension fund).
They've been building 800,000 square feet of new sort facility at IND for a year and change...
https://www.indystar.com/story/news/2018/01/26/fedex-credits-tax-cuts-1-5-billion-expansion-indianapolis-hub/1068813001/ https://www.indystar.com/story/news/2018/01/26/fedex-credits...
https://bgabuilders.com/fedex-indianapolis-ob4-project/ https://bgabuilders.com/fedex-indianapolis-ob4-project/
It's huge and runs right along side Interstate 70, you can see it from the other side of the airport just off of U.S. 40.
I can walk to my car, drive about 10 yards out of my work parking lot and see it across the airport. It's very real and almost certainly didn't grow out of the ground on its own accord.
They're also expanding in Greenwood, Indiana.
They're also expanding at MEM.
...
- ceejayoz 7y agoFedEx makes capital expenditures every year. The NYT is not alleging they stopped them. They're alleging they didn't increase them any more than they normally would, despite saying that's why they needed tax reductions. https://marketrealist.imgix.net/uploads/2018/09/Capex-2.png?w=587&fit=max&auto=format https://marketrealist.imgix.net/uploads/2018/09/Capex-2.png?... indicates their spending growth has largely just stayed what it was prior to the tax changes.