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FedEx Express boosts air freight capacity ahead of peak season
Logistics UK member FedEx Express, a subsidiary of FedEx Corp, has boosted its air network capacity within Europe with the addition of three new flights and four flight capacity upgrades, adding a total of almost 210,000 kilogrammes of weekly capacity on specific lanes within Europe.
In anticipation of high holiday volumes, FedEx Express will also temporarily boost its transatlantic air capacity, reaching up to 20% additional capacity in the busiest week of the holiday season.
EU FLIGHT UPGRADES ARE PERMANENT
The intra-Europe flight upgrades, introduced in a phased approach as of September 2021, are a permanent addition to the FedEx Express air network and connect the FedEx Paris Charles-De-Gaulle (CDG) hub to key city hubs and gateways in Europe.
These upgrades are the latest air network investments for FedEx Express in Europe. Together with a recently announced new transpacific connection, as well as additional peak season capacity between Europe and the US, these investments add a total of up to one million kilogrammes of weekly capacity in December for businesses shipping their products across Europe or intercontinentally.
SUPPORTING THE FLOW OF TRADE
Karen Reddington, President of FedEx Express Europe, said: “These latest air network investments demonstrate our commitment to growth, to our customers, and to supporting the flow of trade at a challenging time for supply chains and companies. Together with our peak capacity expansion to the US and our new EU-APAC flight, we are ready to support our customers during peak and beyond, whether they do business within Europe, or intercontinentally to the East or to the West”.
As consumers continue shopping online through the pandemic, the 2021 peak season is expected to meet or exceed the unprecedented 2020 holiday season, leading to a high demand for capacity. In August, global demand for air cargo was already up 7.7% compared to pre-COVID levels. Continuing supply chain challenges, including in ocean freight, are also leading to higher demands for air cargo capacity as businesses replenish stock levels in time for the holiday season.
Alexandra Herdman, Public Policy Manager, Logistics UK, said: “With seaborne freight costs soaring to record highs this year, air freight is looking like an increasingly attractive proposition, particularly to exporters of high value and time sensitive goods. We welcome FedEx Express’ investment in its pan-European air freight capacity, as it will enable shippers to get their goods to overseas markets quickly and efficiently.”
Published On: 18/11/2021 16:00:58