A content delivery network (CDN) edge server is provisioned to provide last mile acceleration of content to requesting end users. The CDN edge server fetches, compresses and caches content obtained from a content provider origin server, and serves that content in compressed form in response to receipt of an end user request for that content. It also provides “on-the-fly” compression of otherwise uncompressed content as such content is retrieved from cache and is delivered in response to receipt of an end user request for such content. A preferred compression routine is gzip, as most end user browsers support the capability to decompress files that are received in this format. The compression functionality preferably is enabled on the edge server using customer-specific metadata tags.