FedEx to open five-plus branches in China annually
FedEx will annually open no less than five branches in China over the coming years, aiming to keep a leader position in the booming market.
Eddy Chan, FedEx Regional president for China, said that after entering the World Trade Organization, the gradually improved investment environment and logistics infrastructure in China make the country a highlight in the eyes of global logistics giants. According to the analysis made by the China International Freight Forwarders Association (CIFA), the Chinese express delivery business will increase at over 30percent annually over the upcoming years. President Chan revealed that the company held a very optimistic view on the prospect of the market.
In FedEx’s development plan, the front-runner will keep a speed to establish five or more branches every year in China. At the same time, it will extend reaches from the current 220 cities to 320 cities over a few years.
