FEDEX LAUNCHES NEW SERVICE TO RUSSIA.Memphis, Tenn.--(BUSINESS WIRE)--Oct. 29, 1996--Federal Express Corp. has launched a new, Moscow-based international operation that will act as a gateway to Russia and most of the Commonwealth of Independent States Commonwealth of Independent States (CIS), community of independent nations established by a treaty signed at Minsk, Belarus, on Dec. 8, 1991, by the heads of state of Russia, Belarus, and Ukraine. Between Dec. 8 and Dec. (CIS Cis (sĭs), same as Kish (1.) (1) (CompuServe Information Service) See CompuServe. (2) (Card Information S ). The service will directly link Russian businesses with the FedEx "World On Time" global express network. In a first for its industry, FedEx will be the only U.S. express The U.S. Express was a professional wrestling tag-team comprised of Mike Rotundo and Barry Windham who performed under the U.S. Express name in the World Wrestling Federation. Later on Barry Windham was replaced by Dan Spivey but finally disbanded in 1987. carrier to use a combination of its own aircraft and customs warehousing service. This will remove the express industry shipment weight restrictions, and FedEx will offer a 10:30 a.m. next business day express service from Moscow to North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Western Europe Western Europe The countries of western Europe, especially those that are allied with the United States and Canada in the North Atlantic Treaty Organization (established 1949 and usually known as NATO). . The service will be backed by the company's money back guarantee. "Russia's hard currency exports have risen by $20 billion or 30 percent since 1993, and Russia's GDP GDP (guanosine diphosphate): see guanine. and merchandise exports are forecast to grow by some 30 percent from now to the millennium. We are confident in the economic future of the region. Russia has created an environment in which the demand for services that link its business community to other countries and regions is growing fast. Our objective is to meet that demand with a world class service, coupled with a newly revised, highly competitive pricing structure," said David J. Bronczek David J. Bronczek is the current CEO and president of the FedEx Express cargo airline company. David has been an employee of FedEx since 1976. [1] References 1. ^ [1] , Federal Express senior vice president and general manager for Europe, Middle East and Africa. Major business centers in Asia, including Tokyo, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Singapore will receive two or three business day service depending on location. Service from the U.S. to Moscow will be two business days and one business day from Western Europe to Moscow. The five-night-per-week FedEx Russia service will be the first of its kind to operate from Vnukovo Airport near Moscow. The flights will be routed from the FedEx European hub in Paris, France, via Frankfurt, Germany, and will link 90 percent of the world's GDP with this committed service. Federal Express is the world's largest express transportation company providing fast and reliable services for more than 2.5 million items to 211 countries each working day. The company employs approximately 124,000 people who operate an integrated global network of more than 560 aircraft, 37,000 vehicles and over 400,000 Powership(R) and FedEx Ship(TM) automated shipping systems. Federal Express reported revenues of $10.3 billion for its fiscal year ended May 31, 1996. -0- Note to editors: Federal Express press releases are available on the World Wide Web at http://www.fedex.com. CONTACT: Federal Express Corp., Memphis Bill Carroll, 901/395-4737 |
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