Journal of Commerce--FedEx will increase capital spending 24 percent over the next year, adding $800 million as it replenishes its fleets with new aircraft, trucks and tractors.

The transportation giant plans to spend $4.2 million on equipment and plant in its new fiscal year, compared with $3.4 million in the year that ended May 31.

That will include spending on aircraft at FedEx Express, network expansion at FedEx Ground and equipment for trucking outfit FedEx Freight. Read more!