FedEx Corp. has unveiled plans for an enormous upgrade of its global parcel hub in Tennessee, submitting a preliminary proposal to local authorities for a five-story, 1.6 million square foot small package sort center at Memphis International Airport designed to keep up with e-commerce demand. The new e-commerce project, code-named “Hercules,” would be built just south of FedEx’s (NYSE: FDX) new automated sorting facility that opened in October 2024, with the two buildings connected by an elevated bridge, ...