[photopress:fedex.jpg,full,alignright]After 23 rounds of negotiations in the past two years, FedEx’s first transit center in China is soon to be built in the Guangzhou Baiyun International Airport. The FedEx Asia Pacific Hub in Guangzhou will be the largest of its kind outside the United States. FedEx’s input into this new transit center, which covers an area of 63 hectares and has a total floor space of 82,000 square meters, has amounted to $150 million. The center is expected initially to to accommodate 20 airplanes and every week it will see 228 flights of cargo planes. The package handling capacity of the center will be 24,000 pieces per hour.
Fred Smith, Chairman and President of FedEx, said, ‘Latest estimates show booming transnational services have made Asia the most vigorous regional market for air cargo operations in the world, and this industry is expected to keep an 8.5 percent annual growth rate before 2023.’
According to Smith, China will always be the major driving force behind the growth of the Asian market due to a strong semi-finished product processing industry and the large domestic demand. He added that the country’s transportation and logistics sectors are also becoming more prosperous.
Source: Beijing Review
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