1. FedEx Corp., the world's largest air- cargo carrier, succeeded in expanding air freight delivery business in the U.K., China and India. It is relying on growth overseas to help offset an industrywide contraction in U.S. air-freight volumes as U.S. economic growth slows.
2. In May, it started overnight delivery to 19 cities on China's east coast
3. This month it started offering day-specific delivery to 200 Chinese cities.
Is China the vortex of every new revenue rush?
[Click here for full story at: BLOOMBERG.COM]
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