Cambodia, Phnom Penh, October 13, 2022 — FedExExpress, a subsidiary of FedEx Corp. (NYSE: FDX) and one of theworld’s largest express transportation companies, announced it isestablishing a direct commercial presence in Cambodia, to meet thecountry’s growing international shipping demands.With a directpresence in the country, businesses in Cambodia gain greater accessto a wider portfolio of FedEx shipping solutions, while the localservice provider continues to provide the local infrastructure forground operations. Local customers will have access to a range ofFedEx digital tools that makes shipping easier and more efficientthrough the FedEx website. This includes opening a newaccount, tracking shipment status in real time, creating shippingair waybills, scheduling courier pickups, and managing billing.Additionally, FedEx will now have dedicated Sales and CustomerService team members on ground to interact and provide enhancedlogistics expertise to help local businesses grow theircross-border trade.
Economic recovery in Cambodia is gathering speed with exports up20% over the same period last year [1], reaching USD $27 billion during the firsthalf of 2022.
“FedEx continues to enhance its presence and services inemerging Southeast Asia markets like Cambodia to support the growthof small and medium sized enterprises (SMEs). Southeast Asia is oneof the world’s fastest growing regions and its young andincreasingly urbanized population is estimated to grow by 140million new consumers by 2030 [2],” said Kawal Preet, president of the AsiaPacific, Middle East, and Africa, FedEx Express. “Many ofCambodia’s biggest trading partners are located beyond the Asiaregion, in North America and Europe [3] making a network like ours essential toprovide greater access to international markets. As Cambodia’sstature in global trade continues to grow, its businesses need amore comprehensive range of services to help fuel the localeconomy.”
“Expanding our direct presence in Cambodia enables us to becloser to our customers and deliver greater support for theirinternational shipping needs. With a dedicated FedEx support teamoffering logistics expertise and access to an extended portfolio oftime-definite international shipping services, we’re makingshipping easier for Cambodian customers as they look to export tomore international markets,” said Hardy Diec, managing director,FedEx Express Indochina.
FedEx has been facilitatingtrade in Cambodia since 1994, offering international shippingsolutions and connectivity through local service provider TSPExpress. FedEx supports Cambodia’s coordinated efforts outlined inits Industrial Development Policy 2015 – 2025 to build an efficienttransportation network to drive the country’s future economicgrowth. [4] The FedEx direct presence in thecountry will help local businesses trade with ease and expand theirreach to over 220 countries and territories that FedEx serves.