December 21, 2016 / 10:05 PM / 7 months ago

BRIEF-FedEx sees capex of about $5.6 bln in 2017

1 Min Read

Dec 21 (Reuters) - FedEx Corp

* FedEx Corp says its capital expenditures are expected to be about $5.6 billion in 2017

* FedEx - 2017 capex include spending for sort facility expansion, primarily at FedEx ground, aircraft and aircraft-related equipment at FedEx Express

* FedEx says it invested $1.0 billion in aircraft and aircraft-related equipment in h1 2017; expect to invest additional $600 million for aircraft and aircraft-related equipment during remainder of 2017

* FedEx - 2017 capex also include spending for vehicle replacement at all its transportation segments Source text: (bit.ly/2ic1c58) Further company coverage:

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