FedEx Unit Begins Mexico Operations

FedEx Express said its Mexican unit has begun operations under the name FedEx Express Nacional, a domestic overnight service in that country.

The company opened a new hub called the Toluca Hub Multiplex, its new center of operations for domestic Mexican shipments, the company said late Monday.

The service covers all 32 Mexican states with the support of two new centers of operations in Toluca and San Luis Potosi, with the latter to 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, FedEx said according to the Mexican Civil Parcel and Shipping Association.

FedEx Corp. is ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.