FedEx to build hub at Shanghai
$100 mn hub will help FedEx to process 36,000 documents and packages per hour
October 26, 2012
FedEx Express has tied up with Shanghai Airport to establish a $100 million logistics hub that will open in early 2017 at the Pudong International Airport. The facility will offer onsite Customs clearance and will enable FedEx to process up to 36,000 documents and packages per hour.
Shanghai airport was a strategic location, Fedex mentioned in a press release. Shanghai’s foreign trade volumes had recorded double-digit growth in 2011 and 2010 and the new hub would facilitate the increased demand for freight services, especially between eastern China and the US and Europe.