Tag: FedEx

FedEx Express to build a regional headquarters operation in La Hulpe (Belgium)

Posted by | Dec 16, 2007 | |

headquarters facility in La Hulpe to serve markets in Europe, the Middle East, the Indian subcontinent and Africa.

The company cited La Hulpe’s central location in Europe, the retention of its Belgian employees, access to international and public transportation connections, and a commercially zoned site set in natural surroundings as factors in the site location decision, said Robert W. Elliott, president of FedEx Express, Europe, Middle East, Indian subcontinent and Africa.

The move to La Hulpe will allow FedEx to consolidate its headquarters, which are currently split between three sites in Belgium. The company has operated in Belgium for nearly a quarter-century.

The planned relocation will involve about 600 personnel, encompassing office staff and the company’s senior management.

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FedEx Opens First Station in Kameyama City, Mie Prefecture

Posted by | Dec 11, 2007 | |

FedEx Express opened its first station, Kameyama Station, in Kameyama City, Mie prefecture. This is FedEx’s 24th station in Japan.

The station has been opened to meet anticipated demand for international express services for industries such as liquid crystal business and automotive business in the Kameyama City area. The opening of the Kameyama Station enables FedEx to offer its own pickup and delivery services in Kameyama City and Matsuzaka City.

With same-day customs clearance, FedEx is able to shorten the delivery time to the customer by one business day and the packages will be delivered to major cities in North America, Asia and Europe within the next business day. FedEx will provide next-business day delivery to major Asian cities as well, for existing service areas including Tsu City*, Kuwana City, Mie-gun Komono-cho, Kawagoe-cho, Asahi-cho,Yokkaichi City and Suzuka City, which were previously handled by Nagoya station. The cut-off time for same-day flight services is 2 p.m. (and as late as 4 p.m. in some areas).

Shipments from Kameyama Station are sent to Kansai International Airport, where they are loaded onto FedEx aircraft and delivered to major cities in North America, Asia and Europe within the next business day. Shipments from major cities in North America, Europe and Asia are delivered to customers in Japan the next business day, after arriving at Kansai International Airport and being cleared through customs and sorted.

*Some locations are excluded.

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FedEx Ground chooses Perrysburg, Ohio, site for new distribution hub

Posted by | Dec 11, 2007 | |

As part of a multi-billion dollar network expansion plan to nearly double average daily hub package volume capacity in North America, FedEx Ground, an operating unit of FedEx Corp., has chosen a 127-acre site in Perrysburg Township,Ohio, as the location for a new hub to replace its existing Toledo operation.

Total cost for the project is estimated to be USD 87 million, including land, construction and material-handling equipment. Once the hub is operating, FedEx Ground, through payments for property taxes, will be one of the largest contributors to the local Rossford City Schools annual budget.

The 400,000 square-foot facility will be built on Buck Road near the I-75 interchange. When it opens in 2009, the new hub will feature the latest automated material handling technology designed to initially process 22,500 packages per hour and 45,000 packages per hour when it eventually reaches full capacity after a projected expansion. The current workforce of nearly 550 employees and independent contractors is projected to eventually increase to more than 800.

Enhancing our distribution capability in the Midwest is an important step in our ongoing efforts to increase the size, speed and efficiency of our network, said Michael P. Mannion, senior vice president of Operations for FedEx Ground. This new facility will help us meet the growing demand of local shippers and serve as one of just two gateways for shipments destined to Canada.

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FedEx warns over slowdown

Posted by | Dec 2, 2007 | |

Fred Smith, the chief executive of FedEx, the logistics giant, has warned that global growth will not be enough to counter a US slowdown, raising doubts over corporate America’s ability to export its way out of a sluggish domestic economy.

The warning from Mr Smith, a respected business leader whose company is both a gauge and a beneficiary of globalisation, will deepen investor pessimism over the prospect that the world economy could “decouple” and survive a US downturn unscathed.

In an interview with the Financial Times in which he also indicated he would like his successor to come from within FedEx, Mr Smith dismissed suggestions that the rapid pace of economic development in emerging markets would offset a US slowdown.

“Growth elsewhere helps cushion the shock but nothing can displace a slowdown in the US,” he said. “I don’t care how optimistic people are about China or anything else, [the US] is still 25 per cent of the world’s economic activity so when it slows down it is going to have an effect.”

Three weeks ago, FedEx issued the second profit warning in a month, citing flagging demand for US freight and escalating fuel costs. The announcement confounded investors’ predictions that a weak dollar and resilient economies in the rest of the world could help multinationals buck a domestic downturn.

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FedEx Ground to Increase 2008 Rates by 4.9 Percent

Posted by | Nov 30, 2007 | |

FedEx Corp. will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 4.9 percent. The new rates will be effective Jan. 7, 2008.

FedEx Corp. previously announced an increase to the net average shipping rate for FedEx Express by 4.9 percent, which is composed of a 6.9 percent increase in standard list rates, offset by a 2.0 percentage point reduction in its fuel surcharge. These rates also are effective Jan. 7, 2008 and apply to U.S. and U.S. export express package and freight shipments.

Additional changes will be made to other FedEx Ground and FedEx Home Delivery surcharges effective Jan. 7, 2008.

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