FedEx Express, a subsidiary of FedEx Corp., announced the expansion of its customer portfolio of services with the launch of FedEx International Economy service in 10 Asia Pacific markets.

FedEx International Economy is an economical, day-definite, customs-cleared, door-to-door service that features a transit time typically one to two days longer than premium FedEx International Priority service, which is designed for more time-sensitive shipments. The new service effectively addresses the needs of customers in Asia shipping intra-Asia and to the US and Europe, who look for reliability and cost efficiency as a top priority in shipping.

FedEx International Economy is specially designed for customers with less urgent shipments of individual packages under 68kg, but who require reliability. No weight restrictions apply for multi-piece shipments. FedEx International Economy typically delivers intra-Asia packages in two business days, and shipments to the US and major markets in Europe typically in three to four business days.

'FedEx has played a leadership role in connecting our customers to Asia and connecting Asia to the world for more than 25 years,' said Rajesh Subramaniam, senior vice president of International Marketing at FedEx.

'The introduction of International Economy will expand our portfolio and extend our leadership position in the Asian marketplace. We believe there is a clear demand for a service that lies between our premium International Priority express service and the regular postal service,' said David L. Cunningham, Jr., president, FedEx Express Asia Pacific. 'Our International Economy service meets that need for customers, and at the same time broadens the portfolio of shipping options that FedEx offers.'

Small- to medium-sized enterprises (SMEs) are among those that will benefit from FedEx International Economy service. The Asia Pacific region has the largest concentration of SMEs worldwide. FedEx International Economy service is now available in 10 APAC markets: Australia, mainland China, Hong Kong, Japan, South Korea, Malaysia, New Zealand, Singapore, Taiwan and Thailand. It will be available in March in Indonesia, the Philippines and Vietnam.