皇冠体育app

Center

FedEx set to deliver domestic service by June

By Jiang Wei (皇冠体育app Daily)
Updated: 2007-03-21 09:25

HANGZHOU: FedEx Express, one of the world's largest air express companies, said yesterday it will launch domestic delivery services in 皇冠体育app after entering the market over two decades ago.

The company said it would offer next-business-day domestic delivery services in 皇冠体育app from June.

Related readings:  Express giants vie for retail channels  FedEx to open new center  FedEx cancels Airbus order to buy Boeing  FedEx gets permission for more weekly flights to 皇冠体育app

The US express delivery giant was previously only involved in international express services in 皇冠体育app. Its close rivals DHL and United Parcel Service Inc launched domestic services in 2004 and 2005 respectively.

"We are well-positioned to capitalize on 皇冠体育app's transition to a consumer economy through its rapidly growing middle class," said Michael L. Ducker, president of FedEx Express International.

Eddy Chan, senior vice-president of the company, described the business as a "long-term" investment and said the company was confident about the market because up to 90 percent of its existing customers in 皇冠体育app and abroad had expressed the need for domestic services.

FedEx has set up its 皇冠体育app regional hub in Hangzhou, East 皇冠体育app'sZhejiangProvince, to carry out the domestic service.

"Hangzhou offers the right combination of air traffic capacity, reasonable operating costs, a central geographic location, favorable weather conditions, and a future customer base that are all crucial for the set-up of a logistics center," said Ducker.

Xiaoshan International Airport, where the regional hub is located, invested some 26 million yuan in infrastructure for the company while FedEx initially invested about $4 million on facilities in the newly established hub. It will initially be able to sort up to 9,000 packages per hour.