FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, today announced it has expanded its operations at Newcastle International Airport, to serve growing export and import demands in the region.
FedEx Express has moved into its own modern facility at the airport, equipped with the latest scanning technology, allowing on-site sorting and package scanning. The new facility supports an upgrade to a FedEx-branded B737-400 aircraft, which is three times the size of its current ATR72 aircraft, adding approximately 149,000-lbs of additional inbound and outbound capacity per week. A new weekly outbound flight will be added to the current flight schedule, meaning five outbound flights and four inbound flights will operate to and from Newcastle Airport. This investment creates 17 new jobs for the region, growing the team from four to 21 employees.
The North East of England is one of the fastest-growing economies1 in the country and an excellent location for businesses to locate and grow. It is well connected to global markets, and in the year to March 2019 the region exported £59.6 billion worth of goods overseas2 due to a growing international demand for high-quality, innovative products.
‘‘We are excited about our latest investment at Newcastle International Airport. It reflects our ambition to continuously expand and improve our business, and helps support our customers in the North East England grow their businesses within the region and around the world,’’ said Edward Clarke, Vice President Operations UK, FedEx Express. ‘’Our new facility also provides our team members with a more modern working environment and a true home for our growing company.
Leon McQuaid, Director of Aviation Development said, ‘’FedEx are a key business partner at Newcastle International Airport, and we welcome its investment and commitment to the airport and to the region. By increasing import and export capability, FedEx is supporting growing demand from North East businesses, and in turn helping to generate additional jobs. This investment highlights the strategic importance of Newcastle International Airport nationally and we look forward to our continued strong working relationship with FedEx’.’
