FedEx’s Home Airport Widens Cargo Gap Over Hong Kong

Discussion in 'The Latest FedEx Headlines' started by cheryl, Feb 4, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx’s Home Airport Widens Cargo Gap Over Hong Kong -Bloomberg

    FedEx Corp.’s home airport in Memphis, Tennessee, remained the world’s busiest for cargo for the 18th straight year as the gap with Hong Kong widened because of a drop in shipments from Asia during the global recession.

    Memphis International Airport handled 3.698 million metric tons of freight in 2009, a gain of 0.04 percent from 2008, according to airport data, while Hong Kong International Airport said cargo traffic fell 7.7 percent to 3.35 million metric tons.

    The results faded a challenge from Hong Kong, which consultant Air Cargo Management Group had predicted might surpass Memphis in freight volume in 2008 before the recession weighed on global demand. Memphis’s 3.696 million metric tons that year kept it ahead of Hong Kong’s 3.63 million metric tons.