FedEx's AP delivery center to start operation in Guangzhou airport by year end 2008
The U.S.-based logistics giant FedEx plans to start operation of its Asia-Pacific delivery center it is currently building within Guangzhou’s Baiyun Airport by yearend 2008, Guangzhou municipal government sources said.
The FedEx delivery center project, with a total investment of 2.5 billion yuan, takes an area of 2,843 mu and is expected to become a super large delivery center covering over 30 Asia-Pacific countries.
The project is expected to add about 1 million ton/year of cargo turnover for the Baiyun airport within the first year of operation.
FedEx predicts that its AP delivery center will churn out 11 billion US dollars in revenue by 2010 and 65 billion US dollars by 2020.
Construction of the project started in early 2006.
