FedEx Express (FedEx), a subsidiary of FedEx Corp, has launched FedEx International Priority Express (IPE) offering customers who ship internationally the flexibility to schedule delivery by 10:30am or noon to select destinations worldwide. With the addition of this new service, FedEx now provides a wider range of time-definite international priority shipping options to its customers.
- The newly launched FedEx International Priority Express (IPE) service provides AMEA customers with delivery by 10:30 or noon to select markets in Asia (Hong Kong, Thailand, Singapore, Australia), United States, Canada and Europe.
- FedEx International First offers AMEA customers the option for early-day delivery to select postal codes and destinations in the United States, Canada and Europe.
- And, FedEx International Priority (IP) offers end of the day delivery to more than 220 countries and territories around the globe.
These time-definite cross-border delivery options are part of FedEx efforts to support businesses amidst the soaring demand for cross-border commerce. At US$3.9 trillion the Asia Pacific logistics market is poised to grow at a compound annual growth rate (CAGR) of 6% between 2020-2025. And, across the Middle East and Africa, it is expected to reach US$315 billion, growing at a CAGR of 4% by 2027.
“Adding International Priority Express (IPE) is an important enhancement to our portfolio and we’re launching it at a critical moment in time. As economies begin to recover, businesses and consumers alike are placing heightened value on trackable, time-definite delivery, and the segment is set to grow,” said Kawal Preet, president, Asia Pacific, Middle East and Africa (AMEA) region, FedEx Express.
“IPE is an enhanced service with delivery windows early in the day for critical time sensitive shipments. The expanded range of solutions we now offer gives businesses of all sizes greater control, by providing them with more choices that match their needs.”
This is the latest addition to FedEx portfolio of services. Last September, FedEx enhanced it’s cross-border e-commerce capabilities with the launch of FedEx International Connect Plus (FICP), an international, day-definite, e-commerce shipping service that combines competitive speed with attractive prices.
It is available, across ten AMEA markets including Australia, Hong Kong, India, Japan, mainland China, Malaysia, Singapore, South Korea, Taiwan, and Thailand. Express logistics forms a critical part of the cross-border e-commerce value chain. Consumers today expect fast, customizable, and convenient delivery options, and close to 15% of online shoppers would not make a repeat purchase if their shipment doesn’t arrive on time.