FedEx Express has announced improvements to its international outbound express services in six Chinese cities, including Fuzhou, Xiamen, Chongqing, Chengdu, Changchun and Xi’an. The transit time for FedEx International Priority and FedEx International Economy shipments from these cities to the US, Europe and other parts of the world will now be reduced by one working day, improving the convenience and efficiency with which customers can connect to the global marketplace, FedEx said. “Our … [Read more...] about FedEx improves China outbound transit times
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FedEx forecasts record-breaking shipments this peak season
FedEx Corp. predicts it will move a record-breaking 317 million shipments between Black Friday (27 November) and Christmas Eve. This forecast marks a 12.4 per cent increase in year-over-year seasonal volume. The season is expected to be bolstered by three volume spikes in the US, including Cyber Monday (30 November) and the first two Mondays in December, when the company expects to move more than double its average daily volume. In the Asia Pacific region, different 'spikes' are anticipated. … [Read more...] about FedEx forecasts record-breaking shipments this peak season
No EU antitrust objections to €4.4 billion FedEx, TNT merger
European Union antitrust regulators have found no objections to FedEx's €4.4 billion (US$5 billion) acquisition of TNT Express, the two companies said on Tuesday. "FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016,” the companies said in a joint statement. With a European market share of 17 per cent, the combined company would be Europe's … [Read more...] about No EU antitrust objections to €4.4 billion FedEx, TNT merger
FedEx Pledges US$1 Million for European migrant crisis
FedEx Corp. has committed approximately US$1 million in cash and transportation support to deliver emergency supplies and critical medical aid to the thousands of migrants and refugees arriving in Europe, and provide ongoing assistance to both the people and the local communities affected by the crisis. "FedEx has been closely following the increasingly serious migrant crisis in Europe," said Karen Reddington, president, FedEx Express Asia Pacific. "As a global express logistics provider, we … [Read more...] about FedEx Pledges US$1 Million for European migrant crisis
FedEx launches small business contest in Asia-Pac
FedEx Express is helping small businesses in the region go global by launching the FedEx Small Business Grant Contest in Asia Pacific. In Singapore, FedEx will award S$40,000 (US$28,000) worth of grants in total comprised of three tiers: a Grand Prize of $25,000; a First Runner-Up Prize of $10,000; and a Second Runner-Up Prize of $5,000. Small businesses will have the chance to win grants to expand their business into the global arena. First rolled out in the US three years ago, the contest … [Read more...] about FedEx launches small business contest in Asia-Pac
Qatar breaches cargo Top 10, SIA and China Eastern slip
In 2014 airlines operated some 100,000 flights per day and transported 51.3 million tonnes of cargo, equivalent to around 35 per cent of the total value of all goods traded internationally, according to figures released on 16 September by the International Air Transport Association (IATA) in its 59th annual World Air Transport Statistics (WATS) report. Globally, cargo markets in 2014 saw a 5.8 per cent expansion in freight tonne kilometres (FTKs), outstripping a capacity increase of 5.0 per … [Read more...] about Qatar breaches cargo Top 10, SIA and China Eastern slip
