FedEx Express Increases Connections Between Northern China and U.S. with New Direct Flight
BEIJING, Nov. 1, 2010—FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, today introduced a new transpacific flight route operating Monday to Saturday providing greater connections between northern China with the United States. The new cargo flight takes off from Beijing and links with Inchon, South Korea before flying directly to Anchorage, Alaska in North America.
International business has been developing rapidly in northern China, particularly in Beijing, the country’s capital and one of the largest cargo gateways in the region. According to China Customs, in the first half of 2010 the total volume of imports and exports between Beijing and the United States reached USD 8.89 billion, which is up 20.4% from the previous year. In addition, the value of the goods being imported and exported in the Beijing area was valued at USD 115.5 billion, up 69.9% over the same period last year,
"At FedEx, we fully utilize our network to make sure we stay ahead of the curve in anticipating customer’s needs," said Wilson Chung, vice president of International Service, FedEx China. “We have seen increased traffic between northern China and the United States and are prepared to meet customers’ needs. Our objective is to be able to help customers accelerate their market growth”
Following the new flight operation, FedEx aims to further upgrade services to strengthen its position in the transpacific lane.
About FedEx Express
FedEx Express is one of the world’s largest express transportation companies, providing fast and reliable delivery to every U.S. address and to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee .
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $36 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 285,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
NOTE TO EDITORS: FedEx Express press releases are available on the World Wide Web at http://news.fedex.com.
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