FedEx Express has improved its international outbound express services covering FedEx International Priority and FedEx International Priority Freight in seven Chinese cities: Dalian, Yantai, Weihai, Jinan, Zibo, Zhengzhou and Chongqing. The transit time for shipments from these cities to the US, Europe and other parts of the world will be reduced by one to two business days, helping customers optimise their supply chains and strengthen their competitive edges in their target markets. “China … [Read more...] about FedEx cuts transit time from 7 Chinese cities

Alibaba has announced an expansion of its cross-border e-commerce initiatives, including the launch of 11 official country pavilions on its Tmall Global platform, as well as cooperative partnerships between Juhuasuan, Alibaba’s group-buying platform and 26 foreign embassies in China. The countries that will be featured on Tmall Global, an extension of Tmall. com, China’s largest third-party B2C platform for brands and retailers, will include the US, New Zealand, Australia, Switzerland, … [Read more...] about Alibaba continues crossborder e-commerce push

Singapore Post and Alibaba Group Holding have announced a series of new initiatives for collaboration and growth following the signing of a joint venture agreement. The three initiatives signal the deepening of a business relationship that started last year and a commitment from both parties to increase e-commerce logistics collaboration in the future to build a leading ecommerce logistics platform to service the rapidly growing ecommerce businesses across Asia Pacific and beyond. Lim Ho Kee, … [Read more...] about SingPost, Alibaba expand e-commerce logistics coop

FedEx Corp has confirmed the market speculation, as reported by Payload Asia last week, by signing a deal to purchase 50 additional B767-300 freighters in the biggest order ever for the aircraft type, allowing the aircraft maker to extend its production line well into the next decade. The deal, announced in a statement by FedEx includes options for another 50 B767Fs and is worth US$9.97 billion at list prices. FedEx said the aircraft will be delivered by Boeing for its FedEx Express arm … [Read more...] about FedEx confirms order for 50 B767Fs

Ahead of FedEx Corp. CEO Fred Smith’s 71st birthday in August, the company has changed its corporate governance guidelines to increase the mandatory retirement age for directors from age 72 to age 75 with immediate effect. Smith has expressed no desire to leave the company he founded in 1971 and has led for the past 44 years. … [Read more...] about FedEx extends retirement age for Fred Smith