FedEx Logistics establishing new HQ in downtown Memphis

MEMPHIS, Tenn. (AP) — FedEx Logistics is establishing a new headquarters in downtown Memphis, Tennessee, and bringing 700 jobs along with it.

FedEx Logistics CEO Richard W. Smith and Gov. Bill Lee told a news conference Tuesday that the logistics arm of the world's largest shipping company is moving into a building formerly occupied by the Gibson Guitar factory.

Smith said about 350 of the jobs will be new positions. Smith said the rest will be workers brought from other locations after operations are consolidated in the new spot just steps from historic Beale Street and across from the FedExForum sports arena.

The Memphis-based company plans to move into the building in April 2020. FedEx Logistics joins AutoZone, ServiceMaster and First Tennessee Bank as large companies with headquarters in downtown Memphis.