FedEx Strengthens Services with Launch of International Priority Service for Restricted Goods
Kuala Lumpur, MALAYSIA - July 20, 2004 -
FedEx Express (FedEx), the world's largest express transportation
company, now offers door-to-door services for customers transporting
restricted or classified goods under its new International Priority
Dangerous Goods (IPDG) service.
The launch of the IPDG service in Kuala Lumpur will give local
businesses the ability to ship all classes of classified goods
(excluding radioactive or explosive products) from their site (and from
Penang effective 1 September 2004) to their customer's front door,
within Asia, and to or from Europe & North America.
Mr. Peter Yin, Regional Vice President of FedEx Express, South Pacific
said, "With the recent increase in interest and continued growth in the
biotechnology sector as an emerging industry and Malaysia's key role in
aviation parts distribution and repair and return services, FedEx is
keen to play a significant role in facilitating the growth of these
import and export sectors."
Lily Tay, Managing Director for FedEx Malaysia said, "The introduction
of this new service is in direct response to customers' demand for
door-to-door services to and from Kuala Lumpur, and another example of
how FedEx continues to enhance its services to customers throughout the
nation. The service will also be expanded to Penang within the next few
months."
For example, the FedEx IPDG service will support Malaysia's growing
biotechnology & aerospace sectors, with the reliable time-definite
transport of items including blood-products, chemical compounds and
catalysts required for research or production, aircraft engines with
residual fuel, batteries and specialized aerospace paint & polymers.
Biotechnology has been identified as one of the five core technologies
that will accelerate Malaysia's transformation into a highly
industrialized nation by 2020, and is earmarked as one of the areas of
advancement under the 8th Malaysia Plan (2001-2005).
The Malaysian Government is investing RM2 Billion to develop a special
zone for biotechnology research called BioValley, with the aim to
develop 30,000 jobs in approximately 150 new biotechnology firms within
the next 8 - 10 years, and attract more than RM 40 Billion in
investments.
According to the Malaysian Industrial Development Authority, the
Malaysian aerospace industry is expected to contribute between 5% and
8% to the economy by 2015, and comprises of over 100 aerospace-related
organisations, primarily focused on aviation and its support industries
as well as the manufacturing sub-sector.
"This new service reinforces our confidence in Malaysia as a good place
to do business. With such a robust local economy, FedEx is well
positioned to support the strong export demand for goods manufactured
in Malaysia, and the growth of the local biotech and aerospace
industry" said Ms. Tay.
The new service is specifically targeted at the transportation of
dry-ice products, high-value engine parts with residual fuel, and
diagnostic samples and equipment from the biotechnology sector. All
shipments with classified goods are handled by FedEx in accordance with
International Air Transport Association (IATA) regulations for air
transport and FedEx's terms and conditions.
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), connects areas
that generate 90% of the world's gross domestic product in one to three
business days with door-to-door, customs-cleared service and a
money-back guarantee. The company's unmatched air route authorities and
infrastructure make it the world's largest express transportation
company, providing fast, reliable and time-definite transportation of
more than 3.1 million items to 215 countries each working day. FedEx
employs approximately 138,000 employees and has more than 50,000
drop-off locations, 643 aircraft and approximately 43,000 vehicles in
its integrated global network.
