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Press Releases
HONG KONG, July 11, 2000 - FedEx Express will respond to
the growing demand for reduced transit times, later customer
pick-ups and earlier deliveries in key global markets by
reconfiguring its express transportation network later this
summer. The changes will be anchored by new wide body aircraft
flights directly connecting the FedEx EuroOneÒ hub in Paris,
France and the FedEx AsiaOneÔ hub in Subic Bay, The Philippines.
This will enable the company to further enhance the speed,
reliability and customer service that have made FedEx the
worldwide leader in express transportation.
"Businesses around the world which compete based on their
speed to market will benefit significantly from these system
improvements," said FedEx Express President, Asia Pacific
Division, David L. Cunningham, Jr. "For example, FedEx customers
in India will be able to get their products to the East Coast
of the U.S. a full business day faster as a result of these
new flights. Companies in Southeast Asia doing business in
Europe will be able to take orders from their customers two
to three hours later in the evening, thanks to later cut
off times for FedEx pick-ups."
The service enhancements will be centered on three key system
improvements:
- Five direct MD-11 flights per week, from the FedEx EuroOne
hub at Charles de Gaulle (CDG) to the FedEx AsiaOne hub
at Subic Bay (SFS).
- Ten weekly A310 flights connecting Europe, the Middle
East, India and Asia. These flights will form a "criss-cross"
pattern between FedEx hubs at CDG, Dubai, Mumbai, Bangkok
and SFS.
- Ten weekly A310 flights between CDG and Copenhagen (CPH).
New flights on Shorts 360 aircraft will connect other
Scandinavian markets to CPH and the rest of the FedEx
EuroOne network.
FedEx will make these service improvements in late summer
without adding to its aircraft fleet nor will it have to
open significant new sorting facilities.
"Throughout the company's history, FedEx has invested in
technology and infrastructure improvements to match the demand
curve," said FedEx Express Chief Executive Officer David
J. Bronczek. "According to a recent study by McKinsey Co.,
80 percent of goods manufactured around the world will be
transported across borders by the year 2020, so we think
the FedEx global network is well-positioned for that trend.
"Express transportation has become the engine that drives
global commerce by enabling businesses to source and sell
their high-value goods in markets around the world," said
Cunningham. "Following the success of our Asian network and
hub since their launch in 1995, we have seen excellent performance
in Europe since opening our Paris hub last September; our
next step is to link these two powerful systems to form a
compelling combination. We will strategically place new flights,
aircraft and services in Europe and Asia where demand for
our intercontinental network is especially strong, and build
upon the recent rapid growth in the two regions."
FedEx will detail the more convenient pick-ups and deliveries
in local markets when they go into effect later this summer.
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