KUALA LUMPUR, July 2, 2012—FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, today launched an Airbus A300 freighter into Malaysia. The A300 will operate six days a week from Monday to Saturday between Kuala Lumpur and Penang and the FedEx Asia Pacific hub in Guangzhou, China. With a capacity of more than 40,000kg, the A300 will provide 31 percent additional cargo capacity for businesses shipping into and out of Malaysia.
“At FedEx, we are committed to delivering an outstanding customer experience and providing our customers in Malaysia with greater access to markets and opportunities in Asia Pacific and the global marketplace,” said Mr. Ramesh Kumar Singam, managing director, FedEx Express, Malaysia and Brunei.
“The deployment of the A300 freight service not only strengthens FedEx operations and its network, it also reinforces the FedEx commitment to supporting Malaysia’s long-term economic growth.”
Malaysia’s trade growth from 2012 to 2026 is projected to grow 139.37%, according to the HSBC Global Connections Trade Forecast[1]. The report also predicted that Malaysia will grow at an annualised rate of 3.30% over the next five years and at an annualised growth rate of 6.85% from 2017 to 2021.
FedEx has been focused on Malaysia since 1989 and with 37 flights per week, FedEx has the highest number of dedicated flights of any international express company operating its own flights in and out of Malaysia to Asian and U.S. destinations.
About FedEx Express
FedEx Express is the world’s largest express transportation company, 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 with a money-back guarantee[2].
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities.
[1] HSBC Trade Connections Report, Trade Forecast Update: Malaysia, February 2012 (source: http://tradeconnections.corporate.hsbc.com/~/media/TradeConnections/Files/trade-forecast/february-2012/Malaysia%20-%20February%202012.ashx)
[2] Subject to relevant terms and conditions