FedEx to Expand Indianapolis Air Hub

edEx Corp.'s FedEx Express unit plans to spend $164 million to boost its parcel-processing capacity at Indianapolis International Airport to handle growth in international shipments, the company said late last week.

The expansion will increase capacity by about a third to 99,000 packages an hour from 75,000, Fed said. Construction will begin later this month and is scheduled be completed by December 2008, a FedEx spokesman told Bloomberg News.

The company’s plans call for a 400,000-sq. ft. expansion to the hub’s existing sorting facility, and construction of a 175,000-sq. ft. secondary sort building and two maintenance buildings.

ndianapolis is FedEx’s second-largest domestic hub, after Memphis, Tenn., where the company’s headquarters are.

FedEx is ranked No. 2 on the Transport Topics 100 listing of North American for-hire carriers.