As part of an ongoing national expansion plan, FedEx Ground, the small-package ground delivery unit of FedEx Corp., (NYSE: FDX), today is celebrating the opening of a major distribution hub in Troutdale, Ore., replacing its former Portland operation on Swan Island. Leading the celebration of the more than $130 million facility is FedEx Ground western region vice president John Hiltz and Oregon Senate Deputy Majority Leader Laurie Monnes Anderson.
The new FedEx Ground hub is part of the company’s nationwide network expansion to boost daily package volume capacity and further enhance the speed and service capabilities of its network. Since FedEx Ground embarked on the multi-year expansion program in 2002, the Portland hub becomes the tenth new hub featuring advanced material-handling systems that has been added to the network while more than 500 local facilities have been expanded and/or relocated.The network enhancements have resulted in accelerating ground service delivery by one day or more in more than half of the United States. FedEx Ground delivers more than 60 percent of packages in two days or less and more than 80 percent of packages in three days or less. Additionally, average daily package volumes have increased by more than 60 percent, from 2.1 million in 2003 to more than 3.5 million today. About FedEx Ground FedEx Ground specializes in cost-effective, small-package ground shipping, offering dependable business-to-business delivery or convenient residential service. With a network of more than 500 distribution hubs and local pickup-and-delivery terminals, FedEx Ground has a workforce of more than 70,000 employees and independent contractors using more than 22,000 motorized vehicles to deliver more than 3.5 million packages a day throughout the United States and Canada. The company reported annual revenue of $7.4 billion in fiscal year 2010. About FedEx Corp. FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $36 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 280,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com. NOTE TO EDITORS: Broadcast quality b-roll and photography can be found at https://medialinx.alliedvaughn.com/clients/portals/FedEx/Newsrm/ User ID: FED-EX.4
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