FedEx launches China/India overnight service

FedEx launches China/India overnight service    FedEx Express, a subsidiary of FedEx Corp., on Wednesday said it has launched a new flight offering the first overnight express link between India and China.
      The flight is part of a new eastbound around the world route — connecting Europe, India, China and Japan with the FedEx U.S. hub in Memphis — that will provide access to and from the world’s largest markets.
   Using a widebody MD-11 freighter, FedEx will double its capacity between Europe and Asia with the addition of 850,000 pounds per week.
   Last year, China became India’s second-largest trading partner and India emerged as one of China’s top 10 Asian trading partners for the first time. Bilateral trade between the two nations is expected to exceed $20 billion in 2008. The five weekly flights from India to China respond to India’s vibrant economic growth, FedEx Express said in a statement.