FedEx eyes growth markets and new products
FedEx Express will continue to invest in growth markets in Europe and in broadening its portfolio of services, and has no plans to scale back in the region due to the worldwide economic situation.
While FedEx already had a strong position in the intercontinental market, it had also started to move into domestic markets such as in the UK and India, Robert Elliott, FedEx Express President, Europe, Middle East, Africa and Indian subcontinent, said. In addition, the US group had made acquisitions in the Czech Republic, Poland and Hungary in recent years. “We expect more customers to be looking towards the east,” he commented. FedEx would also look more closely at emerging markets such as Turkey and the Middle East, he added.
Michael Mühlberger, FedEx Express Vice President Operations Central and Eastern Europe, said FedEx was seeing growth in Central and Eastern Europe countries as they generated more imports and exports, while it also aimed to expand its cooperation with its agent in Russia.
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