Skip to content
Search AI Powered

Latest Stories

FedEx Express completes expansion project at Miami International Airport

Project expands main sort center and creates the company’s largest cold storage facility, to keep pace with growing regional demand.

Miami_hub_without_plane_small.jpg

FedEx Express has completed an expansion project at Miami International Airport that nearly doubles its main sort facility and adds the largest cold chain facility to the FedEx global network, the company said Tuesday.


The expansion increases overall capacity at FedEx Express' Americas gateway, which connects the U.S. and Canada to Latin America and the Caribbean. The express transportation service business is a subsidiary of FedEx Corp.

The $72.2 million project adds more than 138,000 square feet to the main sort facility, bringing it to more than 282,000 square feet. Enhancements include a new customs clearance area and 70,000 square-foot cold chain facility, which will accommodate growing demand for transportation of perishables such as flowers and food, as well as pharmaceuticals and therapeutics, the company said.

“Miami has always been critical to our operations, serving as our largest gateway connecting markets across North and South America,” Juan Cento, regional president, FedEx Express Latin America and the Caribbean, said in a press statement. “The added cold chain capacities will enable us to expand verticals in the Latin American region that require refrigeration, and the new customs clearance space will help expedite trade in and out of the busy air cargo port.”

The expansion is aimed at helping FedEx Express keep pace with growing demand across the region. Between 2019 and 2020, FedEx shipping volume through Miami-Dade County, Fla., grew by nearly 40%, company leaders said.

Recent

More Stories

people working in an office together

Business optimism is up as inflation fades

Global business leaders are feeling optimistic, according to a report from business data analytics firm Dun & Bradstreet showing a 7% increase in business optimism quarter-over-quarter, driven by gradual easing of inflation rates and favorable borrowing conditions.

However, that trend is counterbalanced by economic uncertainty driven by geopolitics, which is prompting many companies to diversity their supply chains, Dun & Bradstreet said in its “Q4 2024 Global Business Optimism Insights” report, which was based on research conducted during the third quarter.

Keep ReadingShow less

Featured

hurricane milton rainfall forecast map florida

Supply chain networks prep for delays as Milton storms in

Hurricane Milton was just beginning to unleash its slashing wind and pouring rain on Florida’s western coast on Wednesday, but the supply chain disruptions caused by the enormous storm have already been unfolding for days.

For example, millions of residents and workers in the Tampa region have now left their homes and jobs, heeding increasingly dire evacuation warnings from state officials. They’re fleeing the estimated 10 to 20 feet of storm surge that is forecast to swamp the area, due to Hurricane Milton’s status as the strongest hurricane in the Gulf since Rita in 2005, the fifth-strongest Atlantic hurricane based on pressure, and the sixth-strongest Atlantic hurricane based on its peak winds, according to market data provider Industrial Info Resources.

Keep ReadingShow less
robots working in factories

North American manufacturers cut back on robot orders in Q1 and Q2

The North American robotics market saw a decline in both units ordered (down 7.9% to 15,705 units) and revenue (down 6.8% to $982.83 million) during the first half of 2024 compared to the same period in 2023, as North American manufacturers faced ongoing economic headwinds, according to a report from the Association for Advancing Automation (A3).

“Rising inflation and borrowing costs have dampened spending on robotics, with many companies opting to delay major investments,” said Jeff Burnstein, president, A3. “Despite these challenges, the push for operational efficiency and workforce augmentation continues to drive demand for robotics in industries such as food and consumer goods and life sciences, among others. As companies navigate labor shortages and increased production costs, the role of automation is becoming ever more critical in maintaining global competitiveness.”

Keep ReadingShow less
weather map florida and hurricane milton

Hurricane Milton takes aim at weary Florida

The warm waters of the Gulf of Mexico are brewing up another massive storm this week that is on track to smash into the western coast of Florida by Wednesday morning, bringing a consecutive round of storm surge and damaging winds to the storm-weary state.

Before reaching the U.S., Hurricane Milton will rake the northern coast of Mexico’s Yucatan Peninsula with dangerous weather. But hurricane watches are already in effect for parts of Florida, which could see heavy rainfall, flash and urban flooding, and moderate to major river floods, according to forecasts from the National Oceanic and Atmospheric Administration (NOAA).

Keep ReadingShow less
Logistics activity expanded in September
LMI/CSCMP

Logistics activity expanded in September

Economic activity in the logistics industry expanded for the 10th straight month in September, reaching its highest reading in two years, according to the latest Logistics Managers’ Index (LMI) report, released this week.

The LMI registered 58.6, up more than two points from August’s reading and its highest level since September 2022.

Keep ReadingShow less