FedEx Expands Portfolio of Services with Launch of FedEx International Economy in Asia Pacific
MEMPHIS, Tenn., Jan. 10, 2008 – FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, today announced the expansion of its customer portfolio of services with the launch of FedEx International Economy® service in ten Asia Pacific markets.
FedEx International Economy is an economical, day-definite, customs-cleared, door-to-door service that features a transit time typically one to two days longer than premium FedEx International Priority® service, which is designed for more time-sensitive shipments. The new service effectively addresses the needs of customers in Asia shipping intra-Asia and to the U.S. and Europe, who look for reliability and cost efficiency as a top priority in shipping.
FedEx International Economy is specially designed for customers with less urgent shipments of individual packages under 68kg, but who require the reliability they have come to expect with FedEx. No weight restrictions apply for multi-piece shipments. Offered on competitive list rates and backed by a money-back guarantee, FedEx International Economy typically delivers intra-Asia packages in two business days, and shipments to the U.S. and major markets in Europe typically in three to four business days. As with the FedEx International Priority service, customers can use fedex.com for online tracking with proactive e-mail notification in 16 languages.
“FedEx has played a leadership role in connecting our customers to Asia and connecting Asia to the world for more than 25 years,” said Rajesh Subramaniam, senior vice president of International Marketing at FedEx. “The introduction of International Economy will expand our portfolio and extend our leadership position in the Asian marketplace.”
“We believe there is a clear demand for a service that lies between our premium International Priority express service and the regular postal service,” said David L. Cunningham Jr., president, FedEx Express Asia Pacific. “Our International Economy service meets that need for customers, and at the same time broadens the portfolio of shipping options that FedEx offers.”
Small- to medium-sized enterprises (SMEs) are among those that will benefit from FedEx International Economy service, as they require express solutions that are both cost-efficient and reliable. The Asia Pacific region has the largest concentration of SMEs worldwide. With FedEx International Economy service, these SMEs can now enjoy the convenience of door-to-door pick-up and delivery, including customs clearance at an economical price.
FedEx International Economy service is now available in 10 APAC markets: Australia, mainland China, Hong Kong, Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand. It will be available in March in Indonesia, the Philippines and Vietnam.
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.
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 $36 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 290,000 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 news.fedex.com.
 Source: APEC, 2007