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Press Releases
HONG KONG, April 15, 1997 - Federal Express Corp. (FedEx) broke ground
recently on a US$38 million hub expansion that will improve its international flow of goods, especially between the United States and growing markets in Asia.
"Anchorage is FedEx's gateway to Asia - the fastest growing economic region in the world - and a key international clearance hub in FedEx's global network," said Denny Bird, managing director of national sort operations in Anchorage. "Our Anchorage clearance and sort operation is beginning to reach its peak capacity as volumes
continue to rise.
"The trend in logistics is toward FedEx's time-certain transportation system that reduces companies' inventories and directly links them to their customers," Bird said.
"This is especially true of the exporting, manufacturing economies in Asia and the Pacific where FedEx has established an unparalleled netword for express shipments."
Since 1990, the Anchorage Hub's first full year of operation, average daily volume for FedEx International Priority® has grown by more than 300 percent. FedEx International Priority is a time-definite, customs-cleared, door-to-door service to more than 200 countries.
The Anchorage expansion will increase sorting capacities and provide for growth, allowing FedEx to serve more customers with increased efficiency. It also will expand our ability to speed the processing of items that have pre-cleared customs through advanced electronic techology. About 90 percent of FedEx International Priority items now are pre-cleared.
"We will be able to handle more packages and to do it better, faster and more reliably than ever before," Bird said.
FedEx currently services the Asia Pacific market with approximately 4,100 employees serving more than 30 countries and territories. The company provides the most
extensive trans-Pacific air lift of any major competitor. Operating its own wide-bodies MD-11, DC-10 and A310 aircraft, FedEx offers over 160 flights per week to Shanghai, Beijing, Tokyo, Osaka, Bangkok, Hong Kong, Kaohsiung, Taipei, Seoul, Singapore, Kuala Lumpur, Penang, Manila and Subic Bay.
Federal Express is the world's largest express transportation company providing fast and reliable services for more than 2.8 million items to 211 countries each working day. The company has more than 41,000 drop-off locations, employs approximately 127,000 people who operate an integrated global network of more than 575 aircraft, 38,000 vehicles and over 550,000 FedEx Powership® and FedEx Ship® automated shipping systems. Federal Express reported revenues of $10.3 billion for its fiscal year ended May 31,1996.
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