FedEx Corp. announced today that it has completed the purchase of Tianjin Datian W. Group Co., Ltd.'s ("DTW Group") 50 percent share of the FedEx-DTW International Priority express joint venture and DTW Group's domestic express network in
"With more than 20 years of experience operating in the dynamic Chinese market, this acquisition represents the next step in the evolution of FedEx Express in
About FedEx Express
FedEx Express is the world's largest express transportation company, providing fast and reliable delivery to more than 220 countries and territories. FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments, by a definite time and date with a money-back guarantee.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $34 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 275,000 employees and contractors to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit www.fedex.com.