FedEx Express is the largest courier and transportation company offering continuous freight services to many countries. After immediate success deal of TNT takeover, it is decided to penetrate its roots high in Europe by expanding its company at Milan Malpensa Airport. By this expansion, FedEx Express is going to make its presence triple with an expectation of 100 million Euros (112 million dollars) expansion spreading over 35,000 square meters. FedEx is expecting that the expansion would complete by mid of 2016. By the new expansion, the FedEx Express is going to first courier company offering daily freight services around the country, in particular, providing daily courier service in between Italy and US. Along with the new expansion, 15,000 square meters allotted for warehouses, vehicle manoeuvring was spread around 20,000 square meters and 1,000 square meters is allotted for handling office operations. With the newly added expansion, FedEx Express is expecting a hike in daily shipments comprising about 20,000 shipments per day.
The expansion of freight services includes more 44 flights operating from Malpensa airport increasing its freight services per day. It is an expectation that 480 new connections will come into play by land providing employment opportunity for more than 200 people. As of today, a cargo load weighing 500,000 tonnes is carried out by the Milan Malpensa Airport, every year. With the expansion, it is expecting a rise in its capacity to at least one million tonne in the upcoming two years. It is known from a source that SEA Group, which is one among the operators at Malpensa and Milan airport, is making an investment of 15 million Euros in this expansion project. Giulio De Metrio was the chief operating officer at SEA group. He expressed that Malpensa Airport is depicting strong growth from many years and is expecting to see similar growth further. He also said Malpensa airport has owned the credit of first airport offering cargo services and freight services in Italy since many years and is responsible for handling almost 55 percent of total cargo load traffic belonging to Italy.
Moreover, the Malpensa airport has a record of fastest growth in the complete Europe country. In 2015, Malpensa Airport recorded noticeable growth for the first eight months, which is 8.5 percent more compared to the same period, the previous year. He continued that the FedEx Express is the first one to offer direct access to the United States. He expressed his gratitude towards the direct flight services introduced from Milan Malpensa Airport to Memphis. It is the only courier service which is offering a direct flight in this particular route providing freight services in fast transit times, especially from Northern Italy to complete market of North America. Vito Bernardi was the managing director of FedEx looking after fleet and properties for Middle East, Europe and Africa said that they have opened more than 100 branches in these three years, covering Indian subcontinent, Europe, Africa and the Middle East. He added that they have hired about 6,400 members as new staff. He continued that these investments include the investments made in Italy, by which 24 branches are additionally added to newly opened branches in these three years. In addition, employment facility provided for additional 300 members along with the first credit of introducing direct flight for handling freight services from Italy to the Memphis global hub of FedEx which is in Tennessee.