Haslam, Smith Announce FedEx To Make Major Capital Investment in the Corporation's Memphis Hub
MEMPHIS – Tennessee Gov. Bill Haslam today joined FedEx Corp. Chairman and CEO Frederick W. Smith to announce the company is making a capital investment of more than $1 billion to modernize its Memphis hub and improve operational efficiency and reliability. The Memphis hub project includes construction of a new large sort facility and installation of state-of-the-art sort systems, construction of a bulk truck load building, and a new area to improve handling of the oversized shipments that have increased with the growth in e-commerce. Following plan approval, construction is expected to begin in 2019 and be completed by 2025.