FedEx Express announced the expansion of its customer portfolio of services with the launch of FedEx International Economy service in ten Asia Pacific markets.
The markets currently open for this service are Australia, mainland China, Hong Kong, Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand. It will be available in March in Indonesia, the Philippines and Vietnam.
FedEx International Economy is an economical, day-definite, customs-cleared, door-to-door service that features a transit time typically one to two days longer than premium FedEx International Priority service, which is designed for more time-sensitive shipments. The new service effectively addresses the needs of customers in Asia shipping intra-Asia and to the U.S. and Europe, who look for reliability and cost efficiency as a top priority in shipping.
FedEx International Economy is specially designed for customers with less urgent shipments of individual packages under 68 kilograms, but who require the reliability they have come to expect with FedEx. No weight restrictions apply for multi-piece shipments. Offered on competitive list rates and backed by a money-back guarantee, FedEx International Economy typically delivers intra-Asia packages in two business days, and shipments to the U.S. and major markets in Europe typically in three to four business days.
"FedEx has played a leadership role in connecting our customers to Asia and connecting Asia to the world for more than 25 years," said Rajesh Subramaniam, senior vice president of International Marketing at FedEx. "The introduction of International Economy will expand our portfolio and extend our leadership position in the Asian marketplace."
Small- to medium-sized enterprises are among those that will benefit from FedEx International Economy service, as they require express solutions that are both cost-efficient and reliable. The Asia Pacific region has the largest concentration of SMEs worldwide. With FedEx International Economy service, these SMEs can now enjoy the convenience of door-to-door pick-up and delivery, including customs clearance at an economical price.