FedEx Express checks into priority cross-border deliveries with new offering
The launch of FedEx International Priority Express is slated to provide businesses with an enhanced portfolio of time-definite cross-border delivery options
Leading express transportation company FedEx Express (FedEx) has recently announced the launch of FedEx International Priority Express (IPE) offering customers who ship their products internationally the flexibility to schedule delivery by 10:30 am or noon to select destinations worldwide.
With the addition of this new service, FedEx, a subsidiary of FedEx Corp. now provides a wider range of time-definite international priority shipping options to its customers. Businesses across the Middle East and Africa (AMEA) and the Asia Pacific can now select the right delivery option that suits their needs with choices, giving them enhanced convenience and flexibility.
These time-definite cross-border delivery options are part of FedEx's efforts to support businesses amidst the soaring demand for cross-border commerce. Express logistics forms a critical part of the cross-border e-commerce value chain as consumers today expect fast, customizable, and convenient delivery options.
At USD $3.9 trillion, the Asia Pacific logistics market is poised to grow at a compound annual growth rate (CAGR) of 6% between 2020-2025. And, across the Middle East and Africa, it is expected to reach USD $315 billion, growing at a CAGR of 4% by 2027.
"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," 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," he added.
This is the latest addition to FedEx's portfolio of services as last September, FedEx enhanced its 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 India, Australia, Hong Kong, Japan, mainland China, Malaysia, Singapore, South Korea, Taiwan, and Thailand. FedEx Express currently provides delivery to more than 220 countries and territories with the help of a global air-and-ground network.