Memphis International Airport:

Economic Impact

· Annual economic impact of $20.7 billion

o WHAT THIS # INCLUDES: $20.7 billion figure includes the impact of cargo operations, passenger operations, construction and the impact of visitors to the metro area.

o COMPARATIVELY: MEM has one of the highest per capita impacts on a community of any airport in the United States.

o GROWTH: In the last economic impact study conducted for the airport in 1998, the total economic impact was $12.9 billion.

· Generates 166,000 jobs

o 27 % or more than one in four jobs in the Memphis metro area

Cargo Operations

· The airport's largest impact comes from cargo operations and the distribution and logistics industry that has been built around it

o account for 94% of the economic impact & jobs created by Memphis International

o total economic impact of air cargo operations is $19.5 billion annually

o Cargo operations generates 155,872 jobs

· World’s busiest cargo airport for 14 consecutive years (since 1992)

• Shipped about 3.6 million metric tons in 2005

• 12 all-cargo airline operations

• FedEx Super Hub operations = 94% of all cargo at Memphis International

• world’s largest mail processing center

Memphis International vs. Other Major Passenger Hubs

• Because of FedEx’s presence Memphis International produces more economic benefit than larger passenger airports in more populous cities

Passenger Operations

• Economic impact of passenger operations at MEM, led by the Northwest Airlines hub, are nearly $1.2 billion annually

• Nearly 9,500 jobs are directly tied to passenger operations at MEM

• 279 daily scheduled flight departures

• daily non-stop to Amsterdam Schiphol

• 90 cities served

• 6 major & 16 commuter operations

• 1 of 3 Northwest Airlines Hubs

• 11,032,581 annual passengers

• 387,968 aircraft movements (ranked 27th in the world)

*All indicators excluding air cargo are for fiscal year 2005.

Time-Critical Logistics is Memphis’ Specialty (Intermodal transportation based on inbound rail containers & outbound time-sensitive shipments utilizing air express & trucking)

Operations made possible by locating in Memphis, the world’s busiest cargo airport:

1.…the world’s largest home entertainment distribution center

· Thomson Technicolor packages & ships 1.2 million DVDs per day from their Memphis facility – that’s ½ the DVDs purchased in the U.S.

2.…the world’s largest laptop repair depot

· Solectron repairs 5,000 laptop computers every night in Memphis

3.…the largest overnight drug testing lab in the United States

· Advanced Toxicology runs 5,000 lab tests per night in Memphis from samples sent in by FedEx from around the U.S.

4.…the world’s largest cornea bank

· National Eye Bank Center chose Memphis because of “the transportation advantages of a Memphis location”

5.   Product lines distributed from Memphis include:

· Athletic apparel & footwear for Nike, Reebok & Asics

· Computers & electronics for Hewlett-Packard, Flextronics, Sharp, Brother, Cingular, Honeywell, & Ingram Micro

· Pharmaceuticals for Pfizer, Baxter, McKesson, Schering-Plough, GlaxoSmithKline & others

· Electronics repair for Jabil Global & Solectron

· Medical devices for Medtronic, Johnson & Johnson, and Smith & Nephew

· Auto parts for Ford, Mazda, Goodyear, GM-Delco, Freightliner, & Cummins