FedEx to Strengthen Air Freight Network for EC between Europe and Asia

FedEx Express (FDX/FX) will open four new air routes originating in the tri-polar East Asia. This is in response to the expansion of the EC market in the Asia Pacific region. In 2020, EC sales in the region will be $2.45 trillion, accounting for more than 60% of global EC sales, with more than half using cross-border EC. In addition to the opening of the Osaka-Paris route with three flights per week, three routes between China and the U.S. will be opened: the Guangzhou-Oakland route, the Guangzhou-Memphis route, and the Beijing-Memphis route. In addition, the company will open three new routes between China and the U.S.: Guangzhou-Oakland, Guangzhou-Memphis, and Beijing-Memphis, all with five weekly flights via Anchorage and other cities. The company commented, "Export demand in Asia is rapidly recovering to pre-pandemic levels, and the new routes will allow users to take full advantage of the potential of cross-border EC, strengthening the flow of trade within Asia, across the Pacific, and between Europe and Asia. With the opening of the new route, the company's weekly traffic on trans-Pacific, intra-Asia, and European routes will total 1,400 tons.