John Sommers II for TT
FedEx Freight is stepping up its presence in Lexington, Kentucky although the company won’t say by how much.
A site formerly owned by Lexmark is the construction site for an expanded FedEx Freight complex, FedEx Corp. spokeswoman Lauren Doll confirmed Jan. 3.
“The site was chosen because of its ease of access to major highways, proximity to customers and a strong local community work force,” Doll said.
FedEx ranks No. 2 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
The new FedEx complex “will allow us to continue as the LTL industry leader” — LTL means “less than truckload,” or small packages and freight between 150 and 20,000 pounds — “as FedEx Freight Priority has the fastest published transit times of any nationwide LTL service,” Doll said.
FedEx would not say how big the new complex, now under construction, will be or how much it will cost. FedEx Freight now operates a complex at 2451 Leestown Road.
Property parcels of about 56 acres on Setzer Way and Freight Boulevard changed hands in October, with Setzer Properties paying Lexmark International $6.1 million for the acreage. The land is zoned light industrial.
Setzer Properties in Lexington has built FedEx projects in cities including Tupelo, Miss.; Lakeville, Minn.; Louisville; Fairbanks, Alaska; Del Rio, Texas; West Portland, Oregon; and Alexandria, La.
Brett Setzer, who founded Setzer Properties in 1989 and its primary owner, CEO and president, did not return a call seeking comment.
FedEx competitor UPS Inc. announced a $106 million expansion of its ground hub in Lexington in July. That project was estimated to cost $1.6 million for land, $37 million for building construction and $67 million for equipment.
UPS Inc. ranks No. 1 on the TT Top 100 list.
|By Cheryl Truman
Lexington (Ky.) Herald-Leader
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