FEDEX UNVEILS PLAN TO NEARLY DOUBLE GROUND VOLUME CAPACITY

FEDEX UNVEILS PLAN TO NEARLY DOUBLE GROUND VOLUME CAPACITY    FedEx Corp. has announced a $1.8-billion, six-year plan to nearly double the daily package volume for FedEx Ground, its small-package ground delivery service unit.
   The plan calls for adding 10 new central distribution hubs and expanding 23 existing hubs, as well as expanding or relocating more than 300 other facilities.
   FedEx Ground has grown steadily from handling almost 1.4 million packages per day three years ago to nearly 2.1 million daily in the most recent fiscal quarter ending Aug. 31. On a year-over-year basis, volume surged 33 percent in the same fiscal quarter.
   FedEx Ground has a network of more than 500 distribution hubs and local pick-up and delivery terminals in the United States and Canada.
   Capital investments in FedEx’s other operating companies will continue to be dictated by growth opportunities and the potential returns those investments will generate, the company said.