FedEx expands service in Mexico
The service covers all 32 Mexican states with the support of two new centers of operation: one in Toluca, which is currently open; and another in San Luis Potosi, which will open in early 2009.
The express shipping market in Mexico is valued at $822 million and is projected to grow to $1.5 billion in the next 10 years, according to the Mexican Civil Parcel and Shipping Association.
“Mexico continues to be one of the fastest-growing markets in the express industry and a key part of FedEx international growth and profitability,” said Michael Ducker, president of International, FedEx Express, in a written statement.
The new Toluca facility has the capacity to process 6,000 shipments per hour with 48 new employees. FedEx said the sorting capacity and the number of employees are expected to increase during the next few years.