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FedEx Corp. announced last week that it would begin integration of TNT Express assets immediately after completing the $4.9 billion deal, its largest-ever acquisition.

In one fell swoop, FedEx Corp. ballooned to nearly 400,000 employees worldwide and close to $58 billion in annual revenues. The jewel of FedEx's acquisition of TNT Express last week is a European road network linking 40 countries, but the heart of FedEx remains in Memphis, Tennessee.

FedEx Ground is moving dirt around on a 215,000-square-foot distribution center at Santa Teresa, New Mexico's newest industrial development, Westpark. The $20 million center is expected to be operating in the first quarter of next year, according to sources familiar with the project.

State regulators propose to fine FedEx  Corp. $4,000 for a fatal workplace accident last Nov. 22 at the Memphis hub.

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.