As of Thursday morning, FedEx shares are up by 1.37%, with a current price of $239.74. This implies that Ellison's 3,610 shares have a value of $352,444.

Wayne County officials hope the facility, second only in the U.S. to the company's Memphis hub in automation, will attract more regional investment.

A bevy of new final-mile delivery companies is eating into the market share of FedEx, UPS and the U.S. Postal Service. The ...