FedEx Marks European Growth Milestone

Mon May 5, 2014 6:31am EDT

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FedEx Marks European Growth Milestone

One Station Per Week Opened Over Past 30 Months

FedEx Express has reached a significant milestone in its European growth programme – which has involved business expansion and acquisitions and started in October 2011 – by opening its 100th new station in Seville, southern Spain. Reaching this milestone means that FedEx opened the equivalent of nearly one new station per week over the last 30 months.

As a result of the FedEx growth programme, over 3,600 team members have been added across Europe and intra-country services have been rolled out in 13 countries. The landmark announcement comes as FedEx unveils phase two of its business plan for Europe.

David Binks, FedEx Express President EMEA, said: "Over a hundred new stations added across Europe means more local expertise, more local access to global markets and more business solutions. We’ve accomplished our mission to lay the foundations for our growth programme. Now it's time to take our business to the next level."

A New Chapter Announced

FedEx Express has launched the second phase of its European growth programme – to go beyond physical infrastructure investments and focus on optimising all the capabilities that are now in place.

Binks continued: “FedEx has been innovating and capitalising on market trends for over 40 years – it’s in our DNA. With an improving European outlook, our expanded network and new capabilities, we are in an ideal position to provide more solutions for our customers, backed by the renowned FedEx commitment to quality and customer experience. Ultimately, we want FedEx in a position of trust with our customers – where we move beyond services and into solutions to help them realise their own business aspirations.”

FedEx customers in Europe are benefiting from more localised connections to 90 per cent of the world’s GDP within just one to two business days. As with all other FedEx stations already operating in Europe, this expansion gives businesses across Europe access to a wide range of services, including FedEx Express next-business-day deliveries to and from Europe or in two days for main intercontinental destinations (FedEx International Priority®) as well as economy services at competitive rates to Europe, North America, Latin America or Asia (FedEx International Economy®). Coupled with the new intra-country services, FedEx is offering a one stop shop for businesses to effectively reach both local and international markets.

This landmark in the FedEx growth programme comes as current data indicate that Europe’s economy is showing positive signs of recovery in the aftermath of the financial crisis. According to forecasts from the European Commission, GDP will expand by 1.5% in 2014 and by 2.0% in 2015 across the EU 28. In the final three months of 2013, the eurozone economy grew by 0.3% – up from 0.1% growth in the previous quarter (Eurostat).

About FedEx Express

FedEx Express is the world’s largest express transportation company, providing fast and reliable delivery to every U.S. address and to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.

Corporate Overview

FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $45 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.

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FedEx
Greg Morsbach
External Communications Manager EMEA
+32 (0) 473 787963
gmorsbach@fedex.com

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