FedEx to Close Its Hub in Philippines (AP)




 
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July 13th, 2005  
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Topic: FedEx to Close Its Hub in Philippines (AP)


AP - In a move to exploit China's fast-growing market, FedEx Corp. said Wednesday it will close its Asian hub in the Philippines and replace it with a new $150 million facility in Guangzhou, southern China.

http://news.yahoo.com/news?tmpl=story&u=/ap/20050713/ap_on_bi_ge/china_fedex_asian_hub]Read more...[/url]