New Service Will Augment Existing Domestic Portfolio, Enable FedEx To Offer Comprehensive Air and Ground Domestic Services in the Country
BANGALORE, India, Oct. 4, 2011— FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), and the world’s largest express transportation company, today announced the launch of FedEx Economy, an intra-India, door-to-door, day-definite express delivery service for ground consignments. With this launch FedEx Express offers businesses in India a complete portfolio of domestic shipping services, presenting customers with a choice of air and ground services, thereby improving domestic connectivity. The service will be available from 116 origin cities to 262 destination cities within India.
“FedEx has consistently leveraged the strength of a vast network and flexible service portfolio to drive the growth and competitiveness of Indian businesses by providing them with connectivity throughout the country,” said Kenneth F Koval, vice president, Operations, FedEx Express India. “The deployment of FedEx Economy—new domestic ground express service—provides an extensive domestic portfolio offering both air and ground services, and underlines our commitment to offering unparalleled connectivity and seamless shipping to our customers in India.”
The FedEx Economy service provides customers with unique features such as Online Tracking with Proof of Delivery via the FedEx website, money back guarantee#, the option to ship both international outbound as well as domestic consignments through a single FedEx account and customer support with access to consignment information. The service also grants customers ease of use and utility, support for regulatory/state border clearances with value added services such as Collect On Delivery (COD), Delivery on Invoice Acceptance (DIA), Freight To Collect (FTC) and Freight On Value (FOV).
In addition to the newly launched ground express service, the FedEx India portfolio includes domestic air services:
- FedEx Priority Overnight® : An intra-India, door-to-door, next-business-day* express delivery service for all documents and non-commercial consignments.
- FedEx Standard Overnight® : An intra-India, door-to-door, next-business-day* express delivery service for all commercial consignments.
The additional connectivity provided by FedEx Economy will enable businesses of all sizes to capitalize on untapped domestic business opportunities. FedEx now delivers air consignments to 331 destination cities and ground consignments to 262 destination cities in India.