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About FedEx
FedEx Archives: 2001 Press Releases
( BW)(PA-FEDEX-GROUND)(FDX) FedEx Ground to Expand Its St. Louis Operations; Construction to Begin On New Facility in Overland, Mo.
NOTE TO MEDIA: Photo available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com and at www.newstream.com PITTSBURGH--(BUSINESS WIRE)--Nov. 15, 2001--FedEx Ground, the second-largest small-package ground carrier in North America and an operating company of FedEx Corporation (NYSE:FDX), will participate in a ground-breaking ceremony today for its new distribution and delivery facility in Overland, Mo. Scheduled to open in early 2003, the new Overland facility will provide pickup and delivery services to the St. Louis metropolitan area. The company will consolidate its existing facilities in St. Louis and St. Charles, which amount to a combined 92,500 square feet, and relocate them to the new 162,000 square-foot building in Overland. "The Overland location will provide FedEx Ground with improved access to its service area, major highways and a large labor pool," said Rock Sherman, a managing director for FedEx Ground. "A contributing factor to selecting this location was the outstanding cooperation we received from the City of Overland." FedEx Ground will lease its new facility from Woodson Road, L.L.C, owner of the 23-acre site on which the building will be constructed. The developer, Scannell Properties, is partnering with the architectural firm, Tower Design Group P.C. and contractor United Construction to design and build the facility, which will house the company's automated material handling equipment. Commercial brokers, The Sansone Group and Fischer & Company were involved in the deal. United Construction owner, Barry Koenemann says, "United Construction is very pleased to be part of this project, our fourth for affiliates of the FedEx Corporation." FedEx Ground first began operations in the St. Louis area in 1985. In 1991, it expanded its local presence with the opening of its St. Charles facility. Combined, these facilities currently have a workforce of approximately 200 employees and independent contractors, which will increase once the new facility is operational. The new facility is part of a three-year, $500-million expansion investment that will increase the capacity of FedEx Ground's network by 50 percent. Announced in January 1999, the plan includes the opening or expansion of more than 50 facilities, including the new Overland facility. About FedExGround FedEx Ground, the second largest small-package ground carrier in North America, has a network of more than 500 distribution hubs and local pickup-and-delivery terminals throughout the United States and Canada. The company reported annual revenue of $2.2 billion in fiscal year 2001. With annual revenues of $20 billion, FedEx Corp. (NYSE:FDX) is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second-largest provider of small-package ground delivery services; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions.
--30--jsw/clv*
CONTACT: FedEx Ground
Allison Sobczak, 412/859-5498
allison.sobczak@fedex.com
or
United Construction
Joyce Ruiz, 314/434-9690
or
Scannell Properties
Bob Scannell, 317/843-5959
or
Woodson Road, L.L.C.
Deborah Weedman, 314/854-8506
KEYWORD: PENNSYLVANIA MISSOURI
INDUSTRY KEYWORD: TRANSPORTATION E-COMMERCE INTERNET
SOURCE: FedEx Ground
PHOTO: bb10
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