FedEx Files $212 Million Building Permit for World Hub in Tennessee
[Stay on top of transportation news: Get TTNews in your inbox.]
MEMPHIS, Tenn. — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee.
The Memphis Commercial Appeal reports the $212 million permit filed Oct. 15 indicates the company could soon begin work on the Express World Hub at the Memphis International Airport, a major piece of an expansion project announced in 2018. The permit calls for a four-level building with offices, maintenance shops and a cafeteria.
FedEx officials announced in August the company would be investing an additional $450 million into the modernization project, for an expected total investment of more than $1 billion.
The newspaper reports Gov. Bill Lee signed a bill this year giving FedEx more than $20 million in tax breaks for the hub. It’s scheduled for completion in 2025.
FedEx ranks No. 2 on the Transport Topics Top 100 list of the largest for-hire carriers in North America.
Want more news? Listen to today's daily briefing:
