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Construction will begin soon on a 525,000-square-foot FedEx Ground distribution hub in Middletown, Connecticut, at the former site of an Aetna campus.

NASHVILLE, Tenn. — FedEx Corp. founder and Chairman Fred Smith will receive one of three honorary degrees the University of Tennessee will award at commencement ceremonies next month in Knoxville.

Part of the old Evangeline Downs Racetrack site in Carencro, Louisiana, will be the home of a 236,000-square-foot FedEx Ground distribution center, the developer of the project confirmed April 11.

FedEx Ground, after purchasing property in Middletown, Connecticut, in March for $18 million, has given the city an official commitment to build a 525,000 square-foot distribution hub.

UPS Inc. signaled its continued interest in Netherlands-based package and freight carrier TNT — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring the Dutch company.

FedEx Corp. will seek to finance part of its TNT Express acquisition with a debt offering in euros, its first non-U.S. bond issue.

FedEx Corp. unveiled its Cold Chain Center on March 29, designed to hold frozen, refrigerated and controlled room temperature shipments when they're delayed in transit through the hub.

FedEx Corp. has issued $2 billion in notes to fund repayment of debt and share repurchase programs.

FedEx Trade Networks, the international freight forwarding arm of FedEx Corp., announced the relaunch of Bongo International as FedEx CrossBorder.