FedEx to invest $1bn over the next six years in Memphis hub

posted on 16th March 2018 by Jordan Newton
FedEx to invest $1bn over the next six years in Memphis hub

FedEx is to invest more than $1 billion in its main hub in Memphis over the next six years with construction set to begin in 2019 and the upgrade is set to be completed in 2025.

Tennessee Governor Bill Haslam joined FedEx chairman and chief executive officer, Frederick W. Smith to announce the express operator’s new development.

The project at the FedEx Express hub is part of the company’s continued investment in technology and operations to meet growing customer demand.

The project includes construction of a large new sort facility, installation of state-of-the-art sort systems in the new building, construction of a bulk truckload building and a new area to improve handling of the oversized shipments that have increased with the growth in e-commerce.

Smith said: “I want to thank Governor Haslam and the State of Tennessee for their support of this investment in a transformational project for the FedEx Express hub in Memphis.

“Modernisation and expansion of the Memphis hub will ensure that we continue to provide outstanding service to our customers around the world and make this an even better place to work for the thousands of team members here who keep our operations running every day and night.”