Monday, October 29, 2012

FedEx will develop $100M air cargo hub in Shanghai

Shipping giant FedEx signed a contract with Shanghai's airport operator to build an air cargo hub in that city that will be built by 2017, said a company statement.

"Demand for FedEx shipping services, both to and from China, is expected to increase," said Michael Ducker, chief operating officer of FedEx Express. "By expanding our infrastructure in Shanghai, we will be equipped to handle increased volumes in Asia."

The center will handle cargo between China's eastern coast and the U.S. and Europe, the company said.

The new FedEx air cargo hub at Shanghai's Pudong airport will triple the capacity of its current facility by handling up to 36,000 items an hour, the company said.

For more of the AFP story: google.com

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