Business

FedEx Logistics opens world headquarters in Memphis


MEMPHIS, Tenn. — Shipping big FedEx Corp.’s logistics subsidiary has opened a brand new world headquarters within the constructing that when held the Gibson guitar manufacturing facility in an leisure district in downtown Memphis, Tennessee.

FedEx Logistics held an occasion Tuesday to mark the opening of its workplaces positioned simply steps from historic Beale Street and the FedExForum sports activities and live performance venue in Memphis, a information launch mentioned.

The new headquarters was introduced in February 2019. At the time, FedEx officers mentioned about 350 of the 680 projected jobs can be new positions.

Once a fixture within the Beale Street leisure space, Gibson mentioned in December 2018 that it was transferring manufacturing to Nashville. FedEx Logistics mentioned it invested greater than $50 million to renovate the constructing.

“Great cities have great buildings,” mentioned Udo Lange, president & CEO of FedEx Logistics. “From this magnificent facility, our employees will collaborate, innovate, and serve our global customers.”

FedEx Corp. is predicated in Memphis, with operations at Memphis International Airport. It is town’s largest personal employer, with about 30,000 employees.

A subsidiary of FedEx Corp., FedEx Logistics offers air and ocean cargo, warehousing and distribution, customs brokerage and different companies to prospects.

When plans for the brand new headquarters have been introduced, Memphis and Shelby County officers mentioned they hoped suppliers and different firms comply with FedEx Logistics and convey workplaces and younger city skilled employees to downtown Memphis.

FedEx Logistics acquired tax breaks and different incentives for the headquarters. The state of Tennessee offered a $10 million grant, The Commercial Appeal reported.

“This investment represents one of their latest and boldest commitments to our county,” Shelby County Mayor Lee Harris mentioned in a press release Tuesday.



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