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Late last year, guitar-maker Gibson chose to move its guitar production from Memphis to Nashville. It did not take long for the company’s building to find a new occupant.
Earlier this month, FedEx Logistics, a subsidiary of FedEx Corporation that provides freight forwarding services, announced that it plans to move its headquarters to Gibson’s former production facility in downtown Memphis. FedEx has been headquartered in East Memphis since the year 2000.
The move will bring nearly 700 jobs and further anchor the company’s long relationship with the city. Half of these jobs will come to Memphis from other cities.