FedEx Responds to Europe-Asia Trade Growth by Doubling Capacity
PARIS, France - June 1, 2005 - Citing rapidly increasing trade activity between the European Union and Asia, FedEx Express, a division of FedEx Corp. (FDX: NYSE), today announced plans to add an additional daily flight from Europe to India beginning in Fall 2005.
The new flight, using a wide-bodied MD-11 freighter, will double current FedEx Express capacity, adding more than 850,000 lbs. per week to support fast-growing demand for European products.
“Asian demand for European products has been strong over the past five years,” said Dr. Gene Huang, chief economist at FedEx Express, speaking to reporters at the FedEx hub at
According to Huang, more than 17 percent of EU exports are sent to Asia and exports to
“The new flight will depart from our hub at Charles de Gaulle International airport in
“Customers recognize our commitment and experience in the Indian market.” said Ducker. “FedEx was the first to fly all-cargo flights into
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $29 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 250,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit fedex.com.
About FedEx Express
FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world’s gross domestic product in one to three business days with door-to-door, customs-cleared service and a money-back guarantee. The company’s unmatched air route authorities and infrastructure make it the world’s largest express transportation company, providing fast, reliable and time-definite transportation of approximately 3.2 million packages to more than 220 countries and territories each working day. FedEx Express employs more than 137,000 employees and has approximately 50,000 drop-off locations, 663 aircraft and more than 41,000 motorized vehicles in its integrated global network.