FedEx Goes To Greensboro for $272M
Apr. 13, 1998
GREENSBORO, N.C. (AP) _ Federal Express picked Greensboro's airport for its $300 million package sorting hub Monday, snapping up $272.3 million in bait dangled by state and local authorities.
Two South Carolina airports _ in Columbia and Greenville-Spartanburg _ were in the running, as were three others in North Carolina: Raleigh-Durham, Charlotte and the state-owned Global TransPark in Kinston.
FedEx selected the Piedmont Triad facility primarily because it eliminates the need for expensive connector flights within the Carolinas, Virginia and east Tennessee, said Leonard Feiler, a senior vice president.
Construction of the hub is scheduled to begin in early 2000 and be complete by the fall of 2003. Initial employment will be 700 to 800 people with a total of 1,500 jobs when the 1 million-square-foot facility is completed.
Federal Express already has national sorting hubs in Memphis, Tenn.; Indianapolis; Fort Worth, Texas; and Anchorage, Alaska. The company employs more than 141,000 people and ships more than 3 million items daily to 211 countries. FedEx had revenues of $11.5 billion last year.