FedEx, Maersk Add Routes for China-India Prize: Freight Markets
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China and India, which first traded with each other more than 2,000 years ago on the Silk Road, are luring companies from FedEx Corp. to Evergreen Marine Corp. with a potential 62 percent increase in bilateral trade by 2015.
FedEx began flying a cargo route five times a week between Guangzhou and Mumbai last month, while shipping lines Evergreen Marine, A.P. Moeller-Maersk A/S, China Cosco Holdings Co. and Orient Overseas International Ltd. have added capacity or seen traffic increase in the past year as the leaders of the world’s two fastest-growing major economies pledge to boost commerce to $100 billion.