MEMPHIS (dpa-AFX) - Federal Express Corporation (FDX), the world's largest express transportation company, has opened a new, state-of-the-art logistics facility in Manchester.
This modern hub, part of a strategic relocation of FedEx's Manchester operations, aims to enhance service capabilities across the Northwest region of the UK.
Situated just half a mile from Manchester Airport, the 38,000-square-foot facility is located in a key freight corridor that contributes 22.5% to the UK's total freight GDP. It strengthens FedEx's air cargo infrastructure and supports both domestic and international trade for British businesses.
The site includes cutting-edge technology, such as an automated sorting system and x-ray machines, designed to increase processing speed, throughput, and service efficiency.
Steve Johnson, Managing Director of UK Air Operations at FedEx, said the Manchester expansion is a major step in improving the company's freight network to meet growing demand for air cargo and e-commerce. He emphasized FedEx's commitment to equipping customers for success in a fast-evolving trade environment and noted the positive impact of similar upgrades at its Stansted facility, particularly for small and medium-sized enterprises. The goal, he added, is to bring those same benefits to businesses across the Northwest.
Thursday, FDX closed at $228.37, down 0.17%, and was trading after hours at $227, a further decline of 0.60%, on the NYSE.
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