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FedEx diverts packages as labor shortage bites into service levels
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Greater Memphis Chamber president and CEO Beverly Robertson pushes to keep building the metro s labor force, with several economic development projects in the pipeline
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FedEx Corporation (NYSE:FDX) - FedEx Unit Invests $100 Million In Indian Logistics Firm Delhivery
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Memphis International Airport was the busiest cargo airport in the world in 2020, buoyed by FedEx Express’ surge in volume, according to preliminary data.
Memphis’ air cargo volume in 2020 surpassed longtime No. 1 Hong Kong International Airport, per Airports Council International, which released the preliminary rankings Thursday. In total, Memphis handled 4.6 million metric tons of cargo last year. We take pride in our ranking in the air cargo industry, which serves as a positive reminder of the importance of FedEx and e-commerce to the Mid-South’s economy,” said Pace Cooper, Chairman of the Board of Commissioners for the Memphis-Shelby County Airport Authority, in a statement. It also illustrates the crucial role cargo has served during the pandemic. We are working diligently to facilitate continued growth by FedEx and the ongoing recovery of our passenger traffic.
FedEx is committing to reach carbon-neutral operations by 2040, aided in part by replacing its entire pickup and delivery fleet with zero-emission electric vehicles, the Memphis-based company announced Wednesday.
FedEx, which uses more than 200,000 motorized vehicles and 680 cargo aircraft to fuel its global delivery network, said in a news release it would put in an initial investment of more than $2 billion to help achieve the goal.
“We have a responsibility to take bold action in addressing climate challenges,” said Chairman and CEO Fred Smith in a statement. “This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.”