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4-Traders Homepage  >  Equities  >  Nyse  >  FedEx Corporation    FDX

Delayed Quote. Delayed  - 07/28 10:02:04 pm
161.45 USD   +0.34%
01:46a FEDEX : Ribbon cutting next week for FedEx Ground hub
07/28 AMAZON : already large distribution empire keeps expanding
07/28 FEDEX : Changes to the UK Visa Application Centre in the Gambia
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FedEx : Ribbon cutting next week for FedEx Ground hub

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07/29/2016 | 01:46am CEST

July 28--OCALA -- A ribbon cutting will take place Thursday, Aug. 4, to signal the long-awaited grand opening of the FedEx Ground hub in Ocala.

The 400,000-square foot facility is located north of U.S. 27 and east of Interstate 75. Creating it involved a public-private partnership with FedEx, Marion County and the city of Ocala.

The hub will be one of the largest in the FedEx network and is part of a nationwide expansion. The facility will initially process about 15,000 packages per hour, which is expected to grow over time to 45,000 a hour.

Recent job fairs drew hundreds of applicants. In a previous Star-Banner story, Jason Robinson, senior manager for FedEx Ground in Ocala, said the venue will employ 350 people at the beginning stages, with more positions to be added.

Nicole Stout, a FedEx field human resources generalist, said in that article that employment in Ocala is expected to reach 1,000 "in the long haul."

The ceremony next week is by invitation only.

___

(c)2016 the Ocala Star-Banner (Ocala, Fla.)

Visit the Ocala Star-Banner (Ocala, Fla.) at www.ocala.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 60 133 M
EBIT 2017 5 402 M
Net income 2017 3 138 M
Debt 2017 9 324 M
Yield 2017 0,97%
P/E ratio 2017 13,66
P/E ratio 2018 12,13
EV / Sales 2017 0,87x
EV / Sales 2018 0,83x
Capitalization 42 869 M
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Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 182 $
Spread / Average Target 13%
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NameTitle
Frederick Wallace Smith Chairman, President & Chief Executive Officer
Alan B. Graf Chief Financial Officer & Executive Vice President
Rob B. Carter Chief Information Officer
James L. Barksdale Independent Director
John A. Edwardson Independent Director
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