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2003 Press Releases
HONG KONG, June 26, 2003 - FedEx Express (FedEx), the world’s largest express transportation company, announced today the expansion of its logistics distribution centers around Hong Kong by entering into agreements with TradePort Hong Kong and Sun Logistics respectively.
Increased Regional Distribution Capabilities
FedEx will be the first express transportation company to establish facilities at TradePort. TradePort is a radically new concept in airport logistics for the Asia Pacific region that will allow service providers like FedEx's Supply Chain division to optimize the handling of time-critical and time-sensitive products.
Occupying an open, variable area within the 40,000-square meter TradePort facility, FedEx will be able to provide customers with airport-proximate distribution capabilities, significantly reducing the amount of time and costs associated with transporting products and components from the airport to other logistics centers in FedEx's network around the region and across the globe.
The state-of-the-art facility features sorting and distribution equipment that incorporates cutting-edge wireless technology designed to boost productivity, provide data accuracy and achieve real time transmission.
In addition, the absence of the brick wall boundaries common in Hong Kong's traditional warehouses allows FedEx to configure the site to specific logistics requirements at any time, giving the company greater flexibility in providing better services to customers.
FedEx is targeting to move into this new facility mid-July.
Strengthened Logistics Distribution in Hong Kong
FedEx has also entered into a new contract with Sun Logistics, one of the leading logistics operators in Hong Kong, to provide its customers with better local pick-up and distribution services.
The combination of Sun Logistics' inventory technology systems, trucking and distribution capabilities and FedEx's networked facilities, inventory visibility technology systems and the fastest and most reliable express transportation in the industry, will provide customers with greater efficiencies in terms of both time and money.
The cooperation agreement between FedEx and Sun Logistics came into effect at the beginning of the month.
"FedEx's supply chain management services are particularly targeted for those companies that require global solutions that might include International shipping, local distribution services and customized activities relating to the products or services,”"Ms. Dennice A. Wilson, Vice President of FedEx Supply Chain Solutions, Asia Pacific Division, said. "Our alliances with both TradePort and Sun Logistics will further enhance our capabilities in this arena. We believe that the combination of our reliability, technology and worldwide reach allows us to provide our customers with simply the best Supply Chain solutions to meet their needs."
FedEx currently serves more than 30 countries and territories in the Asia Pacific region with more than 7,500 employees. The company provides the most extensive trans-Pacific airlift of any major competitor. Operating its own wide-bodied MD-11and A310 aircraft, FedEx offers over 260 flights per week to Bangkok, Beijing, Cebu, Ho Chi Minh, Hong Kong, Jakarta, Kaohsiung, Kuala Lumpur, Manila, Osaka, Penang, Seoul, Shanghai, Shenzhen, Singapore, Subic Bay, Sydney, Taipei and Tokyo, as well as to destinations in the United States and Europe.
Tradeport Hong Kong
Tradeport Hong Kong is backed by an international conglomerate of prestigious companies including FRAPORT AG (Frankfurt Airport Services Worldwide), Schiphol Group (Schiphol Amsterdam Airport), China National Aviation Corporation (CNAC), and Hongkong Land (a listed property developer and part of the Jardine Matheson Group), all of whom have proven track records in their own areas of specialization: air logistics management; air transportation management; airline management; airport terminal management; and property development and management.
Sun Logistics Company Limited
A joint venture between Sun Hing Group of Companies and Sun Hung Kai Properties Limited officially launched on August 28, 2000. It consolidates logistics resources and expertise, infrastructure strengths and web-based technology in a single stop. Through gradual expansion of its client base and business alliances, Sun Logistics has proven to be a reliable consultant and truly outsourcing partner in logistics for local entrepreneurs in both traditional economy and e-commerce.
FedEx Express
FedEx Express, a subsidiary of FedEx Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service. 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 more than 3.3 million items to 214 countries each working day. FedEx employs approximately 143,500 employees and has more than 45,800 drop-off locations, 640 aircraft and more than 45,000 vehicles in its integrated global network.
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