FedEx Express has expanded its International Economy service to ten Asia Pacific markets to targetless time-sensitive export shipments from Asia to regional and intercontinental destinations. The
economy package service is already offered for US exports to destinations worldwide.FedEx International Economy service is now available in Australia, mainland China, Hong Kong,Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand. It will be available inMarch in Indonesia, the Philippines and Vietnam, FedEx Express announced.
FedEx International Economy is an economical, day-definite, customs-cleared, door-to-doorservice that features a transit time typically one to two days longer than premium FedExInternational Priority service, which is designed for more time-sensitive shipments, the companysaid. It targets individual packages under 68kg, while no weight restrictions apply for multi-pieceshipments.
The new service effectively addresses the needs of customers in Asia shipping intra-Asia andto the U.S. and Europe, who look for reliability and cost efficiency as a top priority in shipping,FedEx said. Asia’s large number of small- to medium-sized enterprises (SMEs) are a key target groupfor the service. Offered on competitive list rates and backed by a money-back guarantee, FedExInternational Economy typically delivers intra-Asia packages in two business days, and shipments tothe U.S. and major markets in Europe typically in three to four business days.
David L. Cunningham Jr., president, FedEx Express Asia Pacific, said: “We believe there is aclear demand for a service that lies between our premium International Priority express service andthe regular postal service. Our International Economy service meets that need for customers, and atthe same time broadens the portfolio of shipping options that FedEx offers.”
“FedEx has played a leadership role in connecting our customers to Asia and connecting Asiato the world for more than 25 years,” added Rajesh Subramaniam, senior vice president ofInternational Marketing at FedEx. “The introduction of International Economy will expand ourportfolio and extend our leadership position in the Asian marketplace.”
