Company Plans to Open 300,000-Square-Foot Distribution Center, Create 150 Jobs Initially
ANNAPOLIS, MD (January 20, 2016) – Governor Larry Hogan joined officials from Tradepoint Atlantic to announce that FedEx Ground will open a 300,000-square-foot, state-of-the-art distribution facility at Tradepoint Atlantic’s new global logistics center at Sparrows Point in Baltimore County. The small-package ground delivery unit of FedEx Corp., FedEx Ground will become the first global company to establish operations at the massive Tradepoint Atlantic project, initially creating 150 jobs. Formerly the Bethlehem Steel manufacturing plant, Tradepoint Atlantic is being developed on the 3,100-acre site and is expected to create thousands of jobs in the coming years.
"With FedEx as the first tenant at Tradepoint Atlantic, we mark an important first step in a vision that will be an incredible economic generator for the state of Maryland," said Governor Hogan. "The entire focus of our administration is to grow the private sector, put people back to work, and turn Maryland's economy around. Exciting new ventures like Tradepoint Atlantic – and FedEx's new location here – are helping to make that vision a reality."
“As evidenced by our record holiday shipping season, our company is growing,” said Kevin Koken, vice president of Eastern region operations for FedEx Ground. “This new facility will help us meet the increasing demand for our services, which is largely fueled by the surge in e-commerce – not only during the holiday season, but throughout the year.”
The FedEx Ground facility is scheduled to open in August 2017 and is part of the company’s ongoing nationwide network expansion plan that has resulted in the addition of 11 major hubs and the expansion of 500 other facilities since 2005. The new distribution facility will join two existing FedEx Ground stations in White Marsh and Halethorpe, enabling the company to continue to meet and exceed customer demands in the Baltimore area. At opening, the facility is expected to employ about 150 combined full- and part-time employees, with further workforce additions planned as necessary to support increased demand for service in the area.
“FedEx is the first of many global companies that will set up operations at the new tri-modal port facility at Tradepoint Atlantic. Having such a prestigious tenant sign a long-term lease at the site demonstrates the economic impact Tradepoint Atlantic will have for the region,” said Michael Moore, CEO of Tradepoint Atlantic. “As we continue to bring jobs and redevelop the site, we will be known as the premier facility on the eastern seaboard and a true world-class center for business and trade.”
Among its many attributes, Tradepoint Atlantic features:
- A deep-water port, including a turning basin and 1,150-foot pier to accommodate heavy commodities;
- A short-line railroad which serves virtually all of the property on the site and incorporates 100 miles of track connecting two Class I railroads (CSX and Norfolk Southern);
- Immediate access to Interstate 695 (the Baltimore Beltway) providing easy connections to Interstate 95, I-70, and all major eastern U.S. population centers;
- Close proximity to Baltimore/Washington International Thurgood International Airport.
In 2014, Tradepoint Atlantic, a joint venture of Redwood Capital Investments and Hilco Real Estate LLC, acquired the Sparrows Point site and plans to redevelop the property into a world-class transportation, manufacturing, and logistics hub. Tradepoint Atlantic is currently in the process of completing the master plan for the site and plans to create a center that will bring jobs to Maryland and grow the region’s economy.
About Tradepoint Atlantic
Tradepoint Atlantic is the developer, manager, and owner of the former Bethlehem Steel Mill, a 3,100-acre industrial site in Baltimore, Maryland that offers a gateway to markets around the United States and the world, featuring a unique combination of access to deep water berths, rails, and highways. Ground-breaking agreements signed with federal and state environmental regulators in 2014 to remediate the legacy from a century of steel-making enable the redevelopment of the site with the potential to become one of North America’s most strategic multi-modal, multi-commodity terminals. For more information visit: www.tradepointatlantic.com