Press Releases
BEIJING, September 28, 2000 - Federal Express Corp. (FedEx
Express), the world's largest express transportation company,
and the Parcels and Logistics Holding Company of the La Poste
Group, one of the world's leading postal organizations, announced
today an agreement to strengthen their respective services
within Europe. The agreement is part of the strategy of the
two groups to reinforce their competitive positions.
The agreement, effective as of January 1, 2001, will give
customers of Chronopost International access to the FedEx
air network, while FedEx customers in several key markets
will benefit from the European ground infrastructure of the
Parcels and Logistics Company of the La Poste Group.
"The potential benefits of aligning the most extensive global
express transportation network with one of Europe's most
efficient and highly respected brands are enormous", said
Robert W. Elliott, President of FedEx for Europe, the Middle
East and Africa. "FedEx is experiencing strong momentum in
our region, with excellent growth rates. This agreement will
build on that momentum with potential new sources of volume
and revenue".
"This agreement will enable us to strengthen and develop
our services in Europe and the rest of the world via access
to the FedEx international network, which is recognized throughout
the world", added Bertrand de Mascarel, President of the
Parcels and Logistics Holding Company of the La Poste Group.
"We are happy to have La Poste join our existing network
which strengthens our position here in Asia, offering wider
express transportation and integrated information/logistics
solutions to our regional customers", David Cunningham, President
FedExExpress Asia-Pacific Division.
The deal brings greater European network to our customers
in Asia linked through FedEx express' recent addition of
several new flights that extend pick-up times and facilitate
even faster deliveries.
The five MD-11 flights a week from the FedEx European hub
at CDG direct to the FedEx AsiaOne hub in Subic Bay, the
Philippines, coupled with the La Poste agreement, FedEx's
unrivaled Ecommerce solutions and ten weekly flights connecting
Europe, the Middle East, India and Asia, will give greater
reach to Asia Pacific customers across Europe and the Nordic
region.
"This latest strengthening of the network is yet another
example of FedEx's commitment to being simply the best express
transportation company in the Asia Pacific", Mr. Cunningham
said.
FedEx Express, a US$19 billion 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 and a money-back guarantee*. 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 210 countries each working day. FedEx employs approximately
150,000 employees and has more than 34,000 drop-off locations,
650 aircraft and 44,500 vehicles in its integrated global
network. The company maintains electronic connections with
more than 2.0 million customers via FedEx Powership®,
FedEx Ship® and FedEx interNetShip®.
* Certain restrictions apply.
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