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About FedEx
FedEx Archives: 1997 Press Releases
( BW)(FEDERAL-EXPRESS)(FDX) FedEx expands in Anchorage to keep pace with Asia boomBusiness Editors ANCHORAGE, Alaska--(BUSINESS WIRE)--April 3, 1997--Federal Express Corp. (NYSE: FDX) ("FedEx") broke ground today on a $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 network for express shipments." Since 1990, the Anchorage Hub's first full year of operation, average daily volume for FedEx International Priority(R) 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 technology. 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. 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(R) and FedEx Ship(R) automated shipping systems. Federal Express reported revenues of $10.3 billion for its fiscal year ended May 31, 1996. -0- Note to editors: Federal Express press releases are available on the World Wide Web at http://www.fedex.com --30--EB/na* CONTACT: Federal Express Corp. Jess Bunn, 907/249-3181 or pager: 800/559-8343 or 901/395-5642 or Shirlee Clark, 901/395-3463 KEYWORD: ALASKA INDUSTRY KEYWORD: TRANSPORTATION URL: http://www.fedex.com REPEATS: New York 212-752-9600 or 800-221-2462; Boston 617-236-4266 or 800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473 Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: http://www.businesswire.com |
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