Not a FDX guy, but 117 allows for waivers based on fatigue mitigation (sleep rooms, for example) and Express carriers have a long operational history to support such a waiver request. With management and labor both petitioning for a waiver, it’s unlikely to be denied IMO.
I dunno FDX’s contractual rest requirements, but the minimum 10 hour rest with 8hr uninterrupted sleep opportunity would be a good baseline for *everyone* in the industry.