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FedEx Express to construct logistics hub at Shanghai Pudong Airport

26-Oct-2012 9:14 AM

FedEx Express announced (25-Oct-2012) plans to establish an International Express and Cargo Hub at China's Shanghai Pudong International Airport. The USD100 million facility is scheduled to be complete in early 2017 and is designed to more than triple the company's capacity in Shanghai. FedEx Express COO Michael L Ducker said, "By expanding our infrastructure in Shanghai, we will be equipped to handle increased volumes in Asia and ultimately provide our customers with greater and more reliable access to the markets in which they do business." FedEx Express reported that Shanghai Pudong Airport is expected to become the world’s top air cargo hub by 2015 and received approval to carry out an expansion project to increase its freight handling capacity to five million tonnes p/a by 2020. [more - original PR]