Pros
Company culture is great, very positive towards customers and employees. We're all in it together. The old "absolutely, positively" ethic is still alive at FedEx. Cost of living is low compared to pay for the Memphis area locations. Benefits are good, especially work life balance. My manager always says, "Work to live, don't live to work." FedEx is one of the largest shipping companies in the world, so we get to work on some of the largest, most interesting business challenges in the world.
Cons
FedEx (and its divisions) are a very large, mature company. Bureaucracy is the norm for large companies. It is easy to get lost in the masses. Advancement opportunities can be hard to find in many parts of the corp, unless you have a senior manager champion who wants you promoted. There is an entrenched good-old-boy network which can be hard to crack. Look out if/when Fred Smith retires.