FedEx invests $450 million in Memphis Hub

The investment will now exceed $1.5 billion over the next six years to facilitate construction of a new sort facility, installation of state-of-the-art systems and construction of a new bulk truckload building to support changing e-commerce needs.


FedEx Memphis Hub


Tennessee Governor Bill Lee joined FedEx Corp. officials to announce the company is making an additional $450 million investment to the $1.1 billion Memphis Hub modernization project previously announced in March 2018.

 

The investment will now exceed $1.5 billion over the next six years to facilitate construction of a new sort facility, installation of state-of-the-art systems and construction of a new bulk truckload building to support changing e-commerce needs.

 

Hub modernization efforts are expected to be completed by 2025 with significant job creation along the way. The Memphis Hub is currently home to 11,000 employees.

 

Paired with Tennessee’s low unemployment rate and increasingly competitive job market, modernization of the FedEx Hub in Memphis will attract and retain team members to fill a variety of positions.

 

“FedEx is one of Tennessee’s greatest success stories, and this additional investment reinforces FedEx’s commitment to our state and the workforce in West Tennessee,” said Bob Rolfe, commissioner of the Tennessee Department of Economic and Community Development. “We’ve created a business climate where companies can invest, grow and create quality jobs for Tennessee residents. I would like to thank FedEx for this investment and its continued partnership.”