Citing modest improvement in the economy and shipping volumes,
However, the 401(k) match will only be half of what it was before the suspension was made last December, and higher-level executives will still be subject to the 5% pay cuts that went into effect a year ago. FedEx suspended 401(k) matches and pay raises to save $800 million a year.
FedEx recently projected that daily package volume will reach 13 million on Dec. 14, up 8% from 12 million a year ago.