Memphis International Airport officials agreed March 16 to lease more land to super-tenant FedEx Corp.
The Memphis-Shelby County Airport Authority approved a long-term lease for 72,172 square feet adjoining the FedEx Express world hub.
FedEx ranks No. 2 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers.
FedEx intends to use the unimproved land for ground support equipment storage, airport officials said.
The addition is a drop in the bucket compared with FedEx’s overall presence at Memphis International, where the shipping giant has more than 30 million square feet of land under lease.
