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
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.
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