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FedEx shortens transit times

FedEx

FedEx says its subsidiary has enhanced its break-bulk shipment service by shortening transit times from two-to-four days to one-to-three days for shipments from the APAC region to six destinations.

The large express transportation company says customers in Australia, Hong Kong, New Zealand, Singapore, South Korea, and Taiwan can now enjoy the same level of transit time as they would get from FedEx core express international delivery service – FedEx International Priority (IP), without incurring additional costs when shipping goods to these destinations.

“The ongoing global pandemic has made reliability and supply chain resilience top of mind for businesses of all sizes,” Salil Chari, Senior Vice President, Marketing and Customer Experience, Asia Pacific, Middle East, and Africa (AMEA), Fed Ex Express says.

“To help them manage their supply chains effectively, we remain committed to bringing more effective international shipping solutions to our customers in the region,” he adds.

“With intra-regional trade set to contribute to more than 20 per cent of the world’s trade growth by 2030, this enhancement to International Priority Direct Distribution gives an extra boost to our customers, helping them improve their speed to market through a leaner logistics flow, without having to invest in additional logistics infrastructure.”

FedEx says the service enhancement comes at a time when cargo demand continues to grow in the APAC region.

It notes the latest data from IATA, APAC air cargo demand grew by 49 per cent year-on-year in January 2022, which is nearly double that of the global average (2.7 per cent year-on-year) thanks to active cross-border trade in the region.

It says a recent study by Asia Development Bank reveals intra-regional trade momentum has continued to grow over the course of the pandemic, and this has helped to better shield Asian economies as supply chain bottlenecks and virus prevention measures have disrupted trade elsewhere.

The enhanced IPD solution streamlines the cross-border delivery process by allowing APAC businesses, including e-tailers, to consolidate packages within the destination into a single shipment at their manufacturing location.

Consolidated goods are then shipped internationally where they clear customs under a single invoice.

FedEx then unpacks the shipment at the destination and sends the individual packages to multiple locations within the destination.

Businesses can enjoy key benefits of the upgraded IPD services that include:

  • Risk mitigation – IPD streamlines the supply chain and reduces risks associated with additional handling inventory and warehouse management. Consolidated shipping also reduces losses or damage associated with the shipment.
  • Faster Delivery – Streamlining the supply chain and consolidated customs clearance helps to shrink transit times from weeks to days.
  • Reliability – One carrier manages the whole process from origin to destination, thereby reducing loss, damage, or delay thanks to less handling, and added control and accountability.
  • End-to-end Visibility – Customers can manage and track the status for each individual shipment throughout the delivery process with FedEx Advancing Tracking, a platform that provides fully comprehensive shipment tracking, including proofs of delivery.

FedEx says this is the latest service enhancement in its portfolio following its efforts to cater to businesses’ heightened expectations for trackable and time-definite delivery in January when it launched IPE, an enhanced time-definite service with delivery windows early in the day for critical time-sensitive shipments, allowing customers in the AMEA to schedule international delivery at a definite time.

For more information on FedEx, click here.

 

 

 

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