FedEx Express, a subsidiary of FedEx Corp. (FDX) and the world’s largest express transportation company, announced the launch of a new route which, for the first time, connects the FedEx APAC Hub in Guangzhou, China and the FedEx World Hub in Memphis, Tennessee, U.S.A.
Currently, a FedEx Express MD-11 freighter is being used for the new route but it will be replaced with a B-777 freighter in May to meet increasing shipping demand. The new route has five flights per week from Tuesday to Saturday.
In April, the flight departing from Guangzhou stops in Osaka, Japan and Anchorage, Alaska, U.S.A. Beginning in May, the flight from Guangzhou will stop in Osaka before flying directly to Memphis. From Tuesday to Friday, the flight returning from Memphis stops in Indianapolis, Indiana, U.S.A. and Anchorage before flying directly to Guangzhou, while the Saturday flight stops in Honolulu, Hawaii, U.S.A. and Anchorage.
The Asia Pacific region is predicted to grow at a rate of 6.5% in 2018, 2% faster than the projected global growth rate. Boeing forecasts that air cargo flowing from Asia to North America is expected to increase by 4.7% per year over the next 20 years. In addition, Guangdong province, where the APAC Hub in Guangzhou is located is one of China’s major trade centers. In 2017, Guangdong’s total import and export value of goods grew by 8% year-on-year, while the total import and export value with the United States grew by 10.4% year-on-year.