Twenty-nine of the new operations are being co-located with existing FedEx Ground facilities.
This marks the third expansion in the last year for the residential delivery service that was introduced in March 2000. Designed to meet the specific shipping needs of catalogers and online retailers, FedEx Home Delivery is the only delivery service to offer such standard features as evening and weekend delivery. Strong customer response has led to an accelerated expansion plan that calls for close to 100 percent U.S. coverage by September 2002 -- more than a year ahead of the original schedule. In the last six months, the number of shippers using FedEx Home Delivery has doubled to more than 16,000.
After this expansion, FedEx Ground will have a network of 615 distribution hubs and local pickup-and-delivery operations throughout the United States and Canada. The company reported annual revenue of $2.2 billion in fiscal year 2001.