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Wednesday, October 08, 2008

FedEx Nacional Mexico

Although the global economic meltdown is affecting all nations and companies on the globe in different ways, there are some organizations that are doing quite well and expanding their services and business. FedEx recently announced that they will begin shipping domestic overnight freight to all 32 Mexican States under the banner of FedEx Nacional. 
The service will be supported via two main hubs located in Toluca and San Luis Potosi. The San Luis Potosi center is expected to open fully in March of 2009.
Michael L Ducker, President International, FedEx Express, said: "Mexico continues to be one of the fastest-growing markets in the express industry and a key part of FedEx international growth and profitability."
The advance shipping market in Mexico is expected to grow by leaps and bounds in the next 10 years. In fact, currently the network is valued at about $822 Million whereas in 10 years it is estimated to reach $1.5 Billion. 
FedEx has also announced that with the addition of the two complexes that they are expecting to add a number of new employees during the near future to supplement the facilities as well as for future expansion.
Source: SupplyExec