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March 15, 2018

FedEx will spend $1B to modernize Memphis hub

  • The Memphis hub is FedEx's largest sorting facility, processing 47 percent of total volume each business day.

    • MEMPHIS, Tenn. (AP) — FedEx said Wednesday that it is investing more than $1 billion to modernize and expand its Tennessee hub, in a move the shipping giant says will improve its efficiency and reliability as it delivers packages throughout the world.

    FedEx Corp. Chairman and CEO Fred W. Smith and Tennessee Gov. Bill Haslam made the announcement while standing in front of a FedEx Express jet on the tarmac of a private terminal at Memphis International Airport.


     
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