FedEx Adds Capacity to Hong Kong–Europe Trade Route

Dec. 20, 2010 - PRLog -- FedEx Express, a subsidiary of FedEx Corp.  and the world’s largest express transportation company, has deployed a Boeing 777 Freighter (777F) to service the direct connection from Hong Kong to the FedEx Europe hub in Paris, France.  The 777F offers a payload improvement of 50,000 lbs. per week compared to the MD-11 previously used.

“The new aircraft and additional capacity enhances FedEx connectivity between the two regions. This latest deployment reflects how we continue to listen and respond to our customers’ shipping needs,” said David L. Cunningham, Jr., president, FedEx Express Asia Pacific. “It also positions FedEx well for an anticipated increase in trade as the European economy gradually recovers.”

The value of Hong Kong exports in the first nine months of 2010 reached US$286.1 billion, up 26.1 percent compared to the same period last year.  Exports to the European Union contributed 11 percent to this total value, the second-largest behind Mainland China.  Hong Kong also saw an 11 percent increase in the value of exports to the European Union from January to September this year.

FedEx launched its direct service from Hong Kong to its European hub at Charles de Gaulle airport in Paris in April 2010.  The service allowed customers to enjoy overnight delivery from Hong Kong to key cities in major European markets, including Austria, Belgium, Denmark, France, Germany, Great Britain, Hungary, Ireland, Italy, The Netherlands, Portugal, Spain, Sweden and Switzerland.

With the deployment of the 777F on the Hong Kong-Paris service, FedEx has now put into operation five 777F services from Asia.  The first 777F service was introduced in January connecting Shanghai with Memphis.  The Hong Kong-Memphis 777F service was launched in late March, followed by Singapore-Osaka-Memphis in July and Shenzhen-Memphis in November.

In addition to service enhancements, the 777F delivers environmental benefits to FedEx operations. The aircraft’s engine technology reduces emissions by 18 percent.  Investment in its aircraft fleet is an important part of the FedEx commitment to reduce its CO2 aircraft emissions by 20% by 2020 .

About FedEx
FedEx Corp.  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 285,000 team members 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.

About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to every U.S. address and 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 .

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