FedEx Express has inked a deal with Japan’s Kansai International Airport Co. to set up a North-Pacific regional hub at the Osaka-based airport. The 25,000-square-meter facility, which is slated to open in the spring of 2014, will enable FedEx to consolidate shipments bound to the U.S. from northern Asia, according to a press release.
The FedEx North Pacific Regional Hub will include Customs clearance, as well as ramp operations and sort-and-transshipment functions. It will also operate around the clock, according to the press release, benefiting from 24-hour availability.
David Cunningham Jr., president of FedEx Express’ Asia-Pacific division, said the company’s decision to establish a North-Pacific hub was based on Asia’s emergence as a global powerhouse. In fact, Cunningham said, Asia’s trade volume is projected to reach $14 trillion by 2025.
“With the establishment of the FedEx NPAC Regional Hub, we will be able to provide a superior level of service to our customers within and outside of the APAC region,” Cunningham said in a statement. “I believe the new facility will play a major role in contributing to Asia’s growing economy.”
Shinichi Fukushima, president of Kansai International Airport Co., echoed Cunningham’s comments. “I know that the NPAC Regional Hub will have a major impact on global shipping, and we are prepared to fully support FedEx via our 24-hour operations and by offering plenty of space for further development,” he stated.
The new facility won’t affect FedEx’s Asia-Pacific hub in Guangzhou, China, according to the press release.