FedEx Signs MOU with Guangdong Airport Authority and Breaks Ground on FedEx South China Operations Center

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Guangzhou, December 7, 2023 – FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, today signed a Memorandum of Understanding (MOU) with the Guangdong Airport Authority (GAA) to form an in-depth strategic collaboration. In addition, a groundbreaking ceremony for the FedEx South China Operations Center was held.

Under the MOU, FedEx and the GAA will collaborate to enhance the airport’s operational efficiency, expediate the implementation of the new facility and expand investments. The two sides will also promote FedEx’s strategic presence and development at the Guangzhou Baiyun International Airport. Facilitating regional cross-border trade, they will play a pivotal role in Guangzhou’s high-quality development, solidifying its status as an international air cargo transport hub.

FedEx and the GAA also held a groundbreaking ceremony for the FedEx South China Operations Center. Slated to begin operating in 2027, the facility aims to expand and upgrade FedEx Guangzhou Gateway, improving FedEx’s capacity and efficiency in processing import and export shipments in south China. The facility will occupy an area of more than 41,000 square meters and will be able to sort up to 25,000 packages and documents (including import and export shipments) per hour, three times the sorting efficiency of the company’s current Guangzhou Gateway.

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“We’re pleased to sign this MOU and deepen our strategic cooperation with the GAA as we kick off the construction of FedEx South China Operations Center,” said Eddy Chan, senior vice president of FedEx Express and president of FedEx China. “Leveraging our extensive logistics network and innovative digital technologies, we are committed to our vision to make supply chains smarter for everyone. This enhanced cooperation not only reinforces our mutual growth, but also elevates the Guangzhou Baiyun International Airport’s position as a world-class international cargo hub. By enhancing service portfolios for our customers in Guangzhou, South China and Guangdong-Hong Kong-Macao Greater Bay Area, FedEx can now optimize the region’s supply chain capabilities.”

In recent years, Guangzhou has optimized its business environment and driven the high-quality development of foreign trade by building on its strategic central location in south China. In the first 10 months of 2023, Guangdong province recorded RMB 6.8 trillion in import and export values1, which includes RMB 895.78 billion--a 3.2% increase year-over-year2--contributed by Guangzhou.

As a critical air cargo hub in China, Guangzhou has been an indispensable gateway into China for FedEx. The FedEx APAC Hub, located at the Guangzhou Baiyun International Airport, has been a major regional hub since its initiation in 2009. The facility currently operates more than 240 international flights and 700 trucks per week, reaching over 220 countries and territories, and leveraging an efficient and convenient global air-and-ground network. In October 2023, FedEx launched a new flight service between Vietnam and Guangzhou, further enhancing the connection between Vietnam, China, and other markets in Asia and Europe. In 2022, FedEx launched an AI-powered sorting robot at the company’s South China E-Commerce Shipment Sorting Center in Guangzhou to handle the ever-growing volumes of e-commerce-related shipments in the region.

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About FedEx Express

FedEx Express is one of the world’s largest express transportation companies, providing fast and reliable delivery 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.

1.http://gdfs.customs.gov.cn/guangdong_sub/zwgk62/sjgb59/5523327/index.html
2.http://lasa.customs.gov.cn/guangzhou_customs/381558/fdzdgknr33/381638/381572/381573/5514102/index.html