With a population of 1.3 million and an advantaged location on the Mississippi River, Memphis, Tennessee, has long been an important hub for logistics and transportation. The city derives its status as a global powerhouse in trade and industrial real estate, however, from the presence of logistics powerhouse Federal Express.
Because Federal Express uses Memphis as a global hub, the Memphis International Airport is the busiest air cargo airport in the U.S. and the second busiest in the world, behind Hong Kong. In addition, five Class 1 railroads serve Memphis. The result is that Memphis is an important center for industrial real estate and logistics warehouses.
The transportation, wholesale trade, warehouse and utilities industries account for about 67,000 jobs in Memphis, well over 10 percent of the city’s total.
Prologis has warehouse and industrial real estate properties in the Memphis region, including several near Memphis International Airport.