February 11, 2009
FedEx Opens Huge New Hub in China
FedEx opened its new Asia-Pacific hub at the international airport outside Guangzhou, Guangdong Province, with 136 weekly flights and capacity on opening day to process 24,000 packages an hour. Of particular importance, the $150 million facility can manage and control the movements of its own planes. The hub is key to FedEx's plans to be a global logistics facilitator. Logistics cost in China have traditionally run high - as much as twice global averages. The FedEx hub will lower logistics costs and ensure that the Pearl River Delta continues to be one of the world's great workshops, despite increased labor costs and the shuttering of thousands of manufacturing plants over just the last few months...
Labels: foreign investment, free trade
# posted by Sinomania! : 2/11/2009 04:24:00 PM
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