PastV1
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Hey Guys, Thought you would like this new info on FedEx.
Past....
FedEx, UPS win Hong Kong routes
WASHINGTON - The Transportation Department on Monday awarded FedEx and United Parcel Service enough new routes out of Hong Kong to compete six days a week between Asia and Europe.
The two express cargo airlines received 25 of the 40 new routes permitted under a new aviation agreement with Hong Kong. FedEx received 13 of the 18 it requested, including six weekly flights to Paris with stops in Moscow or Mumbai, India.
UPS received 12 of the 18 it requested, including six weekly flights to Cologne, Germany, via Mumbai or Dubai.
The other 15 routes were split between four general or charter cargo carriers, with four going to Northwest Airlines, five to Polar Air Cargo, four to Kalitta Air and two to Evergreen International Airlines.
Hong Kong ranks just behind Memphis as the world's busiest air cargo port and most forecasts are that it will be No. 1 in a few years. But for U.S. carriers most traffic has been limited to cargo shipped between the United States and Hong Kong. Many European-bound packages had to be sent to the United States first.
The Transportation Department concluded that allowing FedEx and UPS to provide effective daily service to their hubs in Europe and the Philippines "is critical to our goal of improving service and competitive choices for U.S. shippers and strengthening the market for U.S. carrier services."
But it also said it could not grant the express carriers' entire request for 90 percent of the frequencies. The department turned down the FedEx request for five flights to Seoul, South Korea, and the UPS request for another six flights to its Philippines hub. Northwest got the four flights it requested to Manila. Nineteen routes had been awarded to the carriers on an interim basis in November. Sixteen more will be awarded in 2004.
FedEx spokesman Kristin Krause said the company was pleased that the department "recognized the economic importance of the express cargo allocation.
James W. Brosnan
Memphis Commercial Appeal
07/15/2003
Past....
FedEx, UPS win Hong Kong routes
WASHINGTON - The Transportation Department on Monday awarded FedEx and United Parcel Service enough new routes out of Hong Kong to compete six days a week between Asia and Europe.
The two express cargo airlines received 25 of the 40 new routes permitted under a new aviation agreement with Hong Kong. FedEx received 13 of the 18 it requested, including six weekly flights to Paris with stops in Moscow or Mumbai, India.
UPS received 12 of the 18 it requested, including six weekly flights to Cologne, Germany, via Mumbai or Dubai.
The other 15 routes were split between four general or charter cargo carriers, with four going to Northwest Airlines, five to Polar Air Cargo, four to Kalitta Air and two to Evergreen International Airlines.
Hong Kong ranks just behind Memphis as the world's busiest air cargo port and most forecasts are that it will be No. 1 in a few years. But for U.S. carriers most traffic has been limited to cargo shipped between the United States and Hong Kong. Many European-bound packages had to be sent to the United States first.
The Transportation Department concluded that allowing FedEx and UPS to provide effective daily service to their hubs in Europe and the Philippines "is critical to our goal of improving service and competitive choices for U.S. shippers and strengthening the market for U.S. carrier services."
But it also said it could not grant the express carriers' entire request for 90 percent of the frequencies. The department turned down the FedEx request for five flights to Seoul, South Korea, and the UPS request for another six flights to its Philippines hub. Northwest got the four flights it requested to Manila. Nineteen routes had been awarded to the carriers on an interim basis in November. Sixteen more will be awarded in 2004.
FedEx spokesman Kristin Krause said the company was pleased that the department "recognized the economic importance of the express cargo allocation.
James W. Brosnan
Memphis Commercial Appeal
07/15/2003
