FedEx First to Launch Overnight Delivery from India to China
published: cw 36, 2005 in Logistics & Shipping, Emerging markets & outsourcingNew Route Doubles FedEx Capacity from Europe to Asia and Drives Trade in Critical Markets
FedEx Express, a subsidiary of FedEx Corp. (NYSE:FDX) and the world’s largest express transportation company, today announced the launch of a new flight offering the first overnight express link between India and China.
The flight is part of a new eastbound around the world route–connecting Europe, India, China and Japan with the FedEx U.S. hub in Memphis–that will provide unprecedented access to and from the world’s largest markets. Using a wide-bodied MD-11 freighter, FedEx will double its current capacity between Europe and Asia with the addition of 850,000 pounds per week.
Economic integration between India and China is deepening rapidly. Last year, China became India’s second-largest trading partner and India emerged as one of China’s top ten Asian trading partners for the first time. Bilateral trade between the two nations is expected to exceed US $20 billion in 2008. The five weekly flights from India to China respond to India’s vibrant economic growth.
Earlier this year, FedEx Express launched a westbound around-the-world route, which included the express air cargo industry’s first direct flight from mainland China to Europe (Shanghai to Frankfurt). The new eastbound route complements the westbound around-the-world route, meeting supply and demand needs in both directions.
Source: Fedex
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