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FedEx throws weight behind freight to fire up Apac growth engine

Its three major hubs in Incheon, Tokyo and Singapore are full-sized warehouses capable of life science logistics to serve the biomedical and pharmaceutical industries

Derryn Wong

Derryn Wong

Published Mon, Dec 2, 2024 · 05:00 AM
    • Founded in 1971, New York-listed FedEX has a market capitalisation of US$74.6 billion as at Nov 29, making it one of the largest in its industry.
    • Founded in 1971, New York-listed FedEX has a market capitalisation of US$74.6 billion as at Nov 29, making it one of the largest in its industry. PHOTO: REUTERS

    THE idea that American transportation and logistics giant FedEx wants to boost its earnings from freight forwarding appears puzzling at first. After all, its chief business is that of handling freighting.

    But this represents a side of the business that FedEx has not focused its attention on until now.

    Eric Tan, managing director of FedEx Express Singapore, sees a “huge opportunity” in the freight forwarding segment.

    FedEx

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