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MEMPHIS, Tenn., October 25, 2012 –  FedEx Express, a subsidiary of global shipping giant FedEx Corp. (NYSE: FDX), today announced it has signed an agreement with the Shanghai Airport (Group) Company Limited (SAA) to establish a new International Express and Cargo Hub in Shanghai. The new facility, with designated onsite customs clearance, will be located at Shanghai’s Pudong International Airport and is slated for completion in early 2017.