FedEx Express is to develop a new cargo hub at Shanghai’s Pudong Airport. The facility, with designated on-site customs clearance, is set to open in early 2017.
The express carrier believes the airport will become the world’s top air cargo hub by 2015. It recently received approval to carry out an expansion project that is expected to increase its freight handling capacity to five million tons annually by 2020.
When launched, the new hub is expected to more than triple the capacity of the current FedEx facility in Shanghai, allowing it to process up to 36,000 documents and parcels per hour.
“Customers now have more global trade opportunities than ever before and demand for FedEx shipping services, both to and from China, is expected to increase,” said Michael L. Ducker, chief operating officer and president, International, of FedEx Express.
“By expanding our infrastructure in Shanghai, we will be equipped to handle increased volumes in Asia and ultimately provide our customers with greater and more reliable access to the markets in which they do business.”