FedEx Announces $1 Billion Memphis Hub Modernization - Memphis Daily News
Memphis-based FedEx Corp. will spend $1 billion on a modernization of its Memphis hub over a six-year period, company founder, chairman and CEO Fred S announced Wednesday, March 14.
The announcement on the tarmac at Signature Air with the FedEx Super Hub in the background follows a January announcement by the company of a larger overall package of $3.2 billion in expansions, pay hikes, bonuses and pension fund expansion as a result of federal tax reform.
Memphis-based FedEx Corp. will spend $1 billion on a modernization of its Memphis hub over a six-year period, company founder, chairman and CEO Fred S announced Wednesday, March 14.
The announcement on the tarmac at Signature Air with the FedEx Super Hub in the background follows a January announcement by the company of a larger overall package of $3.2 billion in expansions, pay hikes, bonuses and pension fund expansion as a result of federal tax reform.
