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Fedex Has Invested 26 Million Dollars in Mexico This Year
FedEx Express has invested $25.8 million in Mexico, marking a 44.6% increase compared to the previous year.
The funds were used to expand facilities and increase workforce, with the company now operating over 2,000 service centers in the country.
Part of FedEx's logistics structure includes a fleet of ground vehicles like this one. Photo: BigStock.
11/11/2020
FedEx Express announced on Tuesday that it has invested $25.8 million in Mexico so far this year, representing a 44.6% increase compared to the same period last year and a record for the company. The funds were mainly allocated to facilities in Jalisco, Nuevo León, Querétaro, and Veracruz, as well as the expansion of their key international logistics center at Toluca International Airport, adding an additional 4,000 square meters.
From this center, FedEx Express provides "priority services" for next-day deliveries. With these new investments, FedEx Express has expanded its vehicle fleet from 3,000 to 4,000 and increased its workforce from 10,000 to 16,500 employees. The company now operates over 2,000 service centers in Mexico.
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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