FedEx to invest its tax windfall in its people and building its business

FedEx sets $3.2 billion spending package after tax reform, with $200 million going to boost pay
In the past market watchers used to follow railroad stock because it was an indication of commerce and business activity.  In today's market, they should follow FedEx and UPS for the same reason.  The announcement further embarrasses the Democrats for their opposition to the tax cuts.


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