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LatinNews Daily - 11 November 2020

In brief: Fedex announces major investment in Mexico

* Mexico’s economy ministry has announced that FedEx Express, a subsidiary of US transportation firm FedEx, will be investing US$25.8m in Mexico ahead of the end-of-year sales, in light of the ongoing coronavirus (Covid-19) pandemic and the expected continued boom in e-commerce activity. An economy ministry press release cites Jorge Torres, vice president of operations for FedEx Express Mexico, as saying that the investment will create over 6,500 jobs (both permanent and temporary), and will be used to improve national aviation infrastructure, with the expansion of its domestic aviation hub at Toluca International airport in the Estado de México (Edomex), as well as increasing its capacity to facilitate the terrestrial transport of goods.

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