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US courier delivery services company FedEx has announced to invest in its headquarter and hub airport in Memphis, Tennessee.
The investment includes the construction of a new large sort facility, the installation of state-of-the-art sort systems in a new building as well as the 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.
“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,” said FedEx Corp. Chairman and CEO Frederick W. Smith. “Modernization 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.”
Capital investment for the Memphis hub project is estimated to exceed $1 billion over a six-year period. Following finalization of the project plans, construction could begin in 2019 and should be completed by 2025.
FedEx Express operates a fleet of over 370 aircraft, including Boeing 757F, Boeing 777F and McDonnell Douglas MD-11 Freighter. The contracted feeder fleet consists of over 280 smaller aircraft like the Cessna 208B Super Cargomaster. FedEx Express operates hundreds of daily flights from its “super hub” Memphis International Airport. Additionally, the freight company operates hubs in Asia, Europe and the Middle East region.
Source © fedex.com