Mumbai: FedEx Express, a subsidiary of FedEx Corp. (NYSE:FDX), continues to lead the air cargo industry, according to Air Cargo World. The trade magazine ranked FedEx Express number one in its recent "World''s Top 50 Cargo Airlines" list, highlighting the company''s global leadership.

For the second year in a row, the Air Cargo World report found that FedEx Express achieved the largest single share of the global air cargo market (10.6 percent), based on scheduled freight tonne-kilometers (FTKs) flown during 2003. According to a communiqué from the company, FedEx Express has ranked number one on this list since the publication created the ranking last year.

"FedEx Express'' ranking at the top of Air Cargo World''s ''World''s Top 50 Cargo Airlines'' for the second straight year underscores our ability to provide customers with unparalleled access to the global economy through our network," said Michael L. Ducker, executive vice president, International, FedEx Expres