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About FedEx
FedEx Archives: 1997 Press Releases
( BW)(FEDERAL-EXPRESS-CORP)(FDX) FedEx to Launch First Around-the-World Cargo FlightBusiness Editors MEMPHIS, Tenn.--(BUSINESS WIRE)--Sept. 2, 1997--Federal Express Corp. (FedEx) (NYSE: FDX) today announced an around the world flight that will significantly reduce transit times from Europe to the Middle East, Indian Sub-continent and Asia. It also signals the introduction of the first regular express transportation service to Mumbai, India. The new flight will originate in Indianapolis, Indiana, and will serve European customers through the FedEx hub in Paris, France, before continuing to Dubai, United Arab Emirates, to serve Middle Eastern customers. The flight then continues to Mumbai, India; Bangkok, Thailand; Subic Bay, The Philippines and then returns to the U.S. through Anchorage, Alaska. "The flight addresses the strong demand for our express cargo services from Europe to the Middle East and to India," said David Bronczek, senior vice president & general manager for Europe, the Middle East & Africa. "Customers in the fast-growing economies in Asia will benefit from improved delivery times for shipments from Europe." Among the primary beneficiaries of the enhanced service will be European express shippers, moving boxes and heavy freight consignments to Middle East and Asia. The new flight also will enable FedEx to provide later pick-up times and earlier delivery to customers in these markets. Transit times for shipments from continental Europe to the United Arab Emirates, for example, will improve by a full day. The time required for customs clearance of dutiable goods will also decrease. Concurrently FedEx is introducing other service enhancements for Bahrain, Bangladesh, India, Lebanon, Oman, Pakistan, Qatar and Syria: -- The package weight of FedEx International Priority(R) shipments will increase to 68 kg per piece; -- FedEx International Priority Freight(R) service will enable customers with pieces over 68 kg to ship with virtually no limits on total shipment weight. Federal Express is the world's largest express transportation company providing fast and reliable services for more than 2.8 million items to 212 countries each working day. The company employs approximately 130,000 people, has nearly 43,000 drop-off locations, and operates more than 580 aircraft and 38,000 vehicles in its integrated global network. FedEx maintains electronic connections with more than 650,000 users via FedEx Powership(R), FedEx Ship(TM) and FedEx interNetShip(SM). Federal Express reported revenues of $US 11.5 billion for its fiscal year ended May 31, 1997. --30--EB/na* CONTACT: Ketchum Public Relations James Donnelly, 212/448-4347 KEYWORD: TENNESSEE INDUSTRY KEYWORD: TRANSPORTATION URL: http://www.fedex.com 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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