FedEx Express Offers Businesses More Choice with New Time-Definite Delivery Options
Hong Kong SAR, China, Jan. 6, 2022 — FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, announced the launch of FedEx International Priority® Express (IPE) offering customers who ship internationally the flexibility to schedule delivery by 10:30 am or noon to select destinations* worldwide. With the addition of this new service, FedEx now provides a wider range of time-definite international priority shipping options to its customers.
Businesses across the Asia Pacific, the Middle East and Africa (AMEA) region can now select the right delivery option that suits their needs with expanded choices, giving them enhanced convenience and flexibility.
- The newly launched FedEx International Priority® Express (IPE) service provides AMEA customers with delivery by 10:30 or noon to select markets* in Asia (Hong Kong, Thailand, Singapore, Australia), United States, Canada and Europe.
- FedEx International First® offers AMEA customers the option for early-day delivery to select postal codes and destinations* in the United States, Canada and Europe.
- And, FedEx International Priority® (IP) offers end of the day delivery to more than 220 countries and territories around the globe.
These time-definite cross-border delivery options are part of FedEx efforts to support businesses amidst the soaring demand for cross-border commerce. At USD $3.9 trillion[1] the Asia Pacific logistics market is poised to grow at a compound annual growth rate (CAGR) of 6% between 2020-2025[2]. And, across the Middle East and Africa, it is expected to reach USD $315 billion, growing at a CAGR of 4% by 2027.[3]
“Adding International Priority Express (IPE) is an important enhancement to our portfolio and we’re launching it at a critical moment in time. As economies begin to recover, businesses and consumers alike are placing heightened value on trackable, time-definite delivery, and the segment is set to grow[1],” said Kawal Preet, president, Asia Pacific, Middle East and Africa (AMEA) region, FedEx Express. “IPE is an enhanced service with delivery windows early in the day for critical time sensitive shipments. The expanded range of solutions we now offer gives businesses of all sizes greater control, by providing them with more choices that match their needs.”
This is the latest addition to FedEx portfolio of services. Last September, FedEx enhanced it’s cross-border e-commerce capabilities with the launch of FedEx® International Connect Plus (FICP), an international, day-definite, e-commerce shipping service that combines competitive speed with attractive prices. It is available, across ten AMEA markets including Australia, Hong Kong, India, Japan, mainland China, Malaysia, Singapore, South Korea, Taiwan, and Thailand. Express logistics forms a critical part of the cross-border e-commerce value chain. Consumers today expect fast, customizable, and convenient delivery options, and close to 15% of online shoppers would not make a repeat purchase if their shipment doesn’t arrive on time.[4]
[1] https://www.statista.com/statistics/1069868/total-global-logistics-market-size-region/
[2] https://www.mordorintelligence.com/industry-reports/asia-pacific-freight-logistics-market-study
[3] https://www.prnewswire.com/news-releases/middle-east-and-africa-freight–cargo-market-is-set-to-grow-at-a-cagr-of-around-4-37-by-2027–owing-to-increasing-demand-for-logistics-across-various-industry-verticals-says-absolute-markets-insights-300995211.html
[1] Global Time Definite Market Report Dec 2021 Time Definite Parcel Market Analysis, Growth, Key Players, Shares, Drivers, Challenges with Forecast to 2025 – MarketWatch
