Fri, Nov 19, 2004
Trade Magazine Says FedEx Express Leads List Of Top 50 Cargo
FedEx Express has been named the
best air cargo operation in the world, according to the magazine
Air Cargo World. The trade publication has just released its
"World's Top 50 Cargo Airlines" list.
For the second year in a row, the Air Cargo World report found
that FedEx Express achieved the largest single share of the global
air cargo market (10.6 percent), based on scheduled freight
ton-kilometers (FTKs) flown during 2003. FedEx Express has ranked
number one on this list since Air Cargo World created the ranking
"FedEx Express' ranking at the top of Air Cargo World's 'World's
Top 50 Cargo Airlines' for the second straight year underscores our
ability to provide customers with unparalleled access to the global
economy through our network," said Michael L. Ducker, executive
vice president, International, FedEx Express. "We continue to
expand our business and service offerings in response to our
customers' needs, most recently receiving approval from the US
Department of Transportation to more than double the number of
flights FedEx operates to China."
The Air Cargo World rankings are based on 2003 data. In 2003,
FedEx flew 13.32 billion total scheduled FTKs, a 2.5 percent
increase from one year earlier and a notable 38.5 percent increase
compared to FTKs flown in 1998.
FedEx Corporation continues to experience strong demand across
its express, ground and less-than-truckload freight businesses as
customers increasingly look to FedEx to manage a broader range of
their transportation and supply chain needs.
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