Originally Posted by Diesel 10
bizjournals.com
FedEx stock flying high
Friday May 5, 1:10 pm ET
FedEx Corp.'s stock is soaring again.
The Memphis-based delivery giant's stock price is trading at a new 52-week high Friday, a day after the company announced it will expand its package processing capacity at Indianapolis International Airport by more than 30 percent.
Shares of FDX were trading at $119.93 mid-day on the New York Stock Exchange, up 1.5% on the day. Nearly a million shares have changed hands. The previous 52-week high was $119.25.
At Indianapolis International Airport, the company's second largest U.S. hub behind Memphis, plans include the expansion of FedEx's existing sorting facility and the construction of three new buildings -- a secondary sorting facility and two new maintenance structures. The expansion is expected to add 800 employees, which would give FedEx roughly 5,000 employees there.
Published May 5, 2006 by the Memphis Business Journal
No draft, no volunteer, no vacation buy back. Enough is enough. Pass the word. 2+ years with no contract while FedEx makes record profits is bull****.