FedEx on the rise in Stewartville
A.B. Systems of Rochester, which is building the new center, installed the bulk of the steel framing last week after spending the past couple months preparing the land and the foundations for the new distribution center.
FedEx says that the project is proceeding on schedule and is scheduled to be completed by July 2013.
The new facility will be part of a nationwide network expansion to boost daily package volume capacity and enhance the speed of the FedEx Ground network. It will operate in conjunction with a facility in La Crosse, Wis., to help serve the growing demand for FedEx Ground service in southeastern Minnesota.
While some employees are expected to transfer from La Crosse, some new ones will be hired here, although further details haven't been released yet.
Jones Development of Kansas City, Mo. is in charge of building the center and will own it. FedEx Ground will lease the site.
Jones bought 7 1/2 acres for the project from the City of Stewartville for $2.74 per square foot, or a total of $895,158.
FedEx Ground currently delivers more than 61 percent of packages in two days or less and more than 82 percent of packages in three days or less.
It delivers an average of more than 3.5 million packages a day. In the past year, it has seen a 5 percent increase in packages.