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FedEx to invest a combined $400 million in New Delhi and Mumbai air cargo hubs

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FDX Fedex Corp
$331.41 -1.36%
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  1. 1FedEx (FDX) has broken ground on a $150 million integrated air cargo hub at Indira Gandhi International Airport in New Delhi
  2. 2The facility is slated for completion within 12 to 18 months and will lift hourly throughput from 600 to an average of 5,000 packages
  3. 3Combined with the $250 million Mumbai hub announced in February, FedEx's new India hub investment totals $400 million

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