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Released June 02, 2015 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--FedEx Corporation (NYSE:FDX) (Memphis, Tennessee) is building and expanding distribution centers, with Industrial Info tracking at least 112 projects in the U.S. and Canada, of which 44 with a total investment value of $1.89 billion are under construction or in the planning or engineering stages. The others are operational, with FedEx planning more in the near future.
In the first quarter of 2015, logistics operations have stayed busy to keep pace with demand. While the volatility of crude-oil prices has hampered economies in Russia and Japan, among others, a variety of U.S. business sectors have been prospering. Recent polls indicate positive consumer confidence levels, thereby bolstering business activity and increasing the demand for industrial production.
The economic recovery also has fostered a healthy atmosphere, boosting demand for logistics services. As a result, supply chain operators are building out their infrastructure and creating new jobs. In October, FedEx said it would invest $1.2 billion in more than 70 expansion projects during fiscal 2015. That amount is in addition to the $2.5 million it has invested in expansion projects in the previous five years, said Industrial Distribution, an online trade-related publication.
FedEx distribution centers are under construction in 21 states.
These expansions will help accelerate FedEx Ground delivery at least by one day in more than two-thirds of the U.S., according to Industrial Distribution. The company strives to deliver packages within three business days or less.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
In the first quarter of 2015, logistics operations have stayed busy to keep pace with demand. While the volatility of crude-oil prices has hampered economies in Russia and Japan, among others, a variety of U.S. business sectors have been prospering. Recent polls indicate positive consumer confidence levels, thereby bolstering business activity and increasing the demand for industrial production.
The economic recovery also has fostered a healthy atmosphere, boosting demand for logistics services. As a result, supply chain operators are building out their infrastructure and creating new jobs. In October, FedEx said it would invest $1.2 billion in more than 70 expansion projects during fiscal 2015. That amount is in addition to the $2.5 million it has invested in expansion projects in the previous five years, said Industrial Distribution, an online trade-related publication.
FedEx distribution centers are under construction in 21 states.
These expansions will help accelerate FedEx Ground delivery at least by one day in more than two-thirds of the U.S., according to Industrial Distribution. The company strives to deliver packages within three business days or less.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
