FedEx to invest additional $450 million to modernize hub

MEMPHIS, Tenn. (AP) — FedEx Corp. is investing an additional $450 million to improve operations at its busy hub in Memphis, Tennessee.
The shipping giant’s announcement Friday at Memphis International Airport increases its investment toward modernizing its Memphis hub to about $1.5 billion.
The company announced in March 2018 a $1.1 billion plan to build a sorting facility, install new systems and construct a new bulk truckload building to support internet commerce needs. FedEx has s