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FedEx Express announced on Monday the introduction of three new flights into China later this month.

This will provide the company with a total of 26 weekly flights to China, the most of any U.S.-based cargo carrier, said sources with FedEx Express.

To share accommodate China's surging demand for international cargo transport, FedEx Express has accelerated steps to expand its business in China. On January 24, 2006, FedEx Express entered into an agreement with Tianjin Datian W. Group Co., Ltd. ("DTW Group") to acquire DTW Group's fifty percent share of the FedEx-DTW International Priority express joint venture and DTW Group's domestic express network in China for approximately 400 million U.S. dollars in cash.