FedEx Express, the world's largest express delivery company, is to end its contract with troubled Okay Airways, opting instead for Yangtze River Express, a cargo airline controlled by HNA Group, to maintain its domestic express air network. The move is yet another setback for the Tianjin-based airline, which is desperately seeking to restart its passenger service before the Lunar New Year after a lack of cash and disputes between its investors forced its service suspension. The suspension of … [Read more...] about FedEx to cancel Okay Air contract
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India: Bright outlook for Indian express sector: Fedex
The express sector in India has a bright outlook according to Rajesh Subramaniam, senior VP, International Marketing, FedEx Services. “As a fastgrowing, market-driven economy, we believe India is poised to take a leadingrole on the world’s stage,” he said in an interview with India’s Business Line. India’s logistics industry is set to see tremendous growth with estimates forecasting the logistic business is expected to reach a market size of over US$125 billion … [Read more...] about India: Bright outlook for Indian express sector: Fedex
