FedEx To Open New Regional Headquarters in Shanghai
In a major move to bolster its presence in China, FedEx
Express, a subsidiary of Memphis-based FedEx Corp., will
increase its presence by opening a new regional headquarters
in Shanghai. The new office is due to open on Dec. 1.
FedEx already serves more than 220 Chinese cities, and
plans to increase that number to 320 in five years. Increased
economic growth in China has brought higher demand for
the company's express delivery services. Recently, in
a move to offer faster direct express cargo to and from
the US to southern China, a major manufacturing and service
region, FedEx has increased flights between Shenzhen
and Anchorage . The company will add additional service
as demand requires.
FedEx will maintain its Asia Pacific headquarters in
Hong Kong. Its Asia operational hub is in Subic Bay in
the Philippines, and its European hub is in Charles deGaulle
Airport in Paris.
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