FedEx may see uptrend in China outbound volume continue

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jan 26, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx may see uptrend in China outbound volume continue - Reuters

    FedEx Corp's express delivery arm may see the uptrend in its outbound volume from China continue this year along with the country's improving trade situation, a senior executive said on Thursday.

    FedEx Express and its rivals were affected by the global economic downturn and a rare decline of China's exports for the most part of 2009, but a recovery has taken root since the middle of last year.

    "Our volume is closely related with the import and export numbers. So as long as the market is booming and we are providing good service to our customers, we will be benefitting from this," Eddy Chan, the firm's China chief, told Reuters on the sidelines of a company event.