Trump’s tax cuts gave FedEx huge boost in Q3 net income

Benefiting greatly from the Tax Cuts and Jobs Act (TCJA) championed by President Trump and passed in the U.S. Congress last year, FedEx Corp. reported a whopping 269 percent rise in quarterly net income, worth more than US$2 billion, said the Memphis-based integrator as it released its third-quarter figures for the 2017 fiscal year. The re-measurement of FedEx’s tax […]
  • Randy Woods
  • March 21, 2018

UPS to reinvest tax cuts, buy more freighters with multi-billion-dollar plan

There’s a slew of major, but closely related, news stories coming out of UPS’ Atlanta headquarters today – and, for the most part, it’s coming up roses for the global integrator, starting with last December’s tax cut legislation, which translated into strong overall and division revenues in the fourth quarter. But UPS’s decision to reinvest […]
  • Lewis King
  • February 1, 2018