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FedEx Miami hub volume rises as it benefits from near-shoring in Mexico
SINCE FedEx Express began providing air mail and parcel courier service in the Caribbean and Latin America in the mid-1980s from a single commercial office it has expanded its reach significantly after acquiring two cargo airlines: Island Courier in 1987 and the Flying Tiger Line in 1989.
The Flying Tiger Line was a major international air cargo carrier and added an extensive network in Latin America and other parts of the world to FedEx's system, while Island Courier gave the company a large operating network in the Caribbean.
The company now has 19,000 employees and provides services to 50 countries and territories.
"FedEx is committed to providing the access necessary to support economic growth in Latin America and the Caribbean," said president of the FedEx Express Latin America and Caribbean division (LAC), Juan Cento. He is based at the Miami regional headquarters that now employs 300 staff, up from 100 when it opened in 1996.
Miami International Airport handles an average of 14 FedEx landings and departures per day, just for Latin America and the Caribbean, reported the Miami Herald.
Seventy per cent of shipments to and from Latin America and the Caribbean are packages and freight, while the remaining 30 per cent are letters.
The company currently has 100 flights per week originating in Latin America and the Caribbean, and a fleet of 2,900 delivery vehicles in the region.
"Brazil is the seventh-largest economy in the world, and its rapidly increasing middle class presents a tremendous opportunity for FedEx Express," said Mr Cento.
Mexico also holds "great opportunity" for the company, he added, since it has become "a preferred destination for nearshoring", or locating manufacturing closer to the US rather than in Asia to cut transit times.
The Flying Tiger Line was a major international air cargo carrier and added an extensive network in Latin America and other parts of the world to FedEx's system, while Island Courier gave the company a large operating network in the Caribbean.
The company now has 19,000 employees and provides services to 50 countries and territories.
"FedEx is committed to providing the access necessary to support economic growth in Latin America and the Caribbean," said president of the FedEx Express Latin America and Caribbean division (LAC), Juan Cento. He is based at the Miami regional headquarters that now employs 300 staff, up from 100 when it opened in 1996.
Miami International Airport handles an average of 14 FedEx landings and departures per day, just for Latin America and the Caribbean, reported the Miami Herald.
Seventy per cent of shipments to and from Latin America and the Caribbean are packages and freight, while the remaining 30 per cent are letters.
The company currently has 100 flights per week originating in Latin America and the Caribbean, and a fleet of 2,900 delivery vehicles in the region.
"Brazil is the seventh-largest economy in the world, and its rapidly increasing middle class presents a tremendous opportunity for FedEx Express," said Mr Cento.
Mexico also holds "great opportunity" for the company, he added, since it has become "a preferred destination for nearshoring", or locating manufacturing closer to the US rather than in Asia to cut transit times.
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