FedEx expects continuous growth in China parcel delivery business

Oct. 26, 2009 (China Knowledge) - U.S.-based FedEx Corp recently said its express parcel delivery business in China will continue to grow, and the company will expand its presence in western China, Dow Jones Newswire reported.

The business that the company launched in China in 2007 is growing well, and its key selling point is a high level of reliability, according to David Cunningham, Jr., Asia-Pacific president of FedEx's core express segment.

However, competition with local rivals is very tough, and the company will keep price rates attractive as Chinese consumers are very conscious of prices, said Cunningham.

The company will focus on developing its parcel delivery business model in China. In the meantime, the company will continue to expand its business in the country's western regions, which represents 50% of the population of China.

FedEx Express, a subsidiary of FedEx Corp, earlier reopened its upgraded customer service center in central China's Wuhan City, in a bid to offer better service for international express customers in East China and domestic time-definite customers, according to an earlier report from China Knowledge.