FedEx to open $100m hub in Shanghai

11/8/2012

FedEx Express has signed an agreement with the Shanghai Airport (Group) Company to establish its FedEx Shanghai International Express and Cargo Hub at Pudong International Airport.

The 134,000sq metre integrated facility is due to open in early 2017.

FedEx is investing more than US$100 million in the hub which it says will improve connectivity to the US and Europe for customers in Asia Pacific.

The facility will be able to process up to 36,000 documents and parcels an hour with room for future expansion. It will have a special on-site cargo clearance facility by the Chinese Immigration Authority and Shanghai Customs.

FedEx already has its APAC Regional Hub in Guangzhou. The Pudong airport facility is intended to strengthen its presence in the region and provide customers with better access to regional and global trade opportunities, it claimed.

According to research, Shanghai Pudong International Airport is on course to become the world’s top air cargo hub by 2015. Its total cargo and mail throughput ranked number one in China for the last three consecutive years (2009-2011). The airport’s freight capacity is expected to reach five million tonnes annually by 2020.

FedEx runs 68 flights a week into and out of Shanghai, including direct B777F flights to its Memphis base and hubs in the EU.