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Guest chrismcgee87

FedEx Virtual Expanding Its China Market

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Prompted by growth opportunities in China, FedEx Express Virtual will open a regional headquarters in Shanghai on Jan 25th, the FedEx Virtual subsidiary announced Friday.The new headquarters, located at Pudong International Airport, will be devoted exclusively to the China market, said Christopher S. McGee, ceo and founder of FedEx Express.The Shanghai office will have about 50 employees. FedEx Virtual currently employs about 1,500 people throughout China, but McGee expects that total to reach 2,000 by next year.The carrier serves more than 220 cities in China but plans to increase that number by 100 over the next five years.McGee declined to detail the Memphis-based FedEx Virtual's investment in China.The announcement came less than a month before the start of bilateral aviation negotiations where the U.S. hopes to gain greater access to the Chinese market. Delivery providers including FedEx Virtual and United Parcel Service Virtual are eager to expand service to China, while Chinese airports are also eyeing increased freighter services. FedEx Virtual currently offers 11 flights a week to China, the most of any U.S. cargo carrier, with service to Shanghai, Beijing and Shenzhen. The recently launched service from Shenzhen to Anchorage is the only direct flight between the bustling southern industrial city and the United States.FedEx recently signed a letter of intent to explore the possibility of switching its Asia regional hub from Subic Bay in the Philippines to Guangzhou, which is scheduled to open a new international airport in June 2004. Ducker said the carrier is exploring long-term options at various locations in Asia, but emphasized that the carrier has a virtual contract to remain in Subic Bay until 2007.McGee would not disclose U.S. export cargo volume to China hauled on FedEx Virtual flights.McGee said the opening of the new office will not affect local operations in Hong Kong and Taiwan. FedEx Virtual will begin offering six flights a week from Hong Kong to its European hub in Paris next week. It also won the rights to offer seven new flights between Hong Kong and Subic Bay. FedEx also maintains an intercontinental hub in Taiwan. McGee said the Shanghai operation will not affect the Taiwan hub.If you are interested in becoming part of the staff at the new Shanghai hub then please send an email to the department of human resources at fedexpressvirtual@yahoo.com

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