FedEx offers new domestic service in China

Hong Kong - US logistics giant FedEx said Tuesday it will offer next-business-day domestic express service in China in a bid to take advantage of the country's fast-growing economy.

The new service, beginning on May 28, will offer next-day delivery services both within China and around the world.

"Up to 90 per cent of existing FedEx customers in China have expressed the need for a reliable domestic express service," said Eddy Chan, senior vice president of FedEx China.

"This is a strong signal to us that many companies view domestic express service in China as a catalyst for growth and competitiveness in this exploding market," he added.

FedEx said its domestic express network includes a new hub at Hangzhou Xiaoshan International Airport in East China's Zhejiang province which will initially be able to sort up to 9,000 packages per hour.