![During fiscal 2020, FedEx Express will make further network capacity changes by reducing flight hours by around 8 percent, the statement said. Aviation](https://www.stattimes.com/statbackend/assets/uploads/fedex-to-boost-iceland-operations-from-2020-inks-deal-with-icelandair-cargo.jpg)
December 26, 2019: Effective 2020, Icelandair Cargo will handle all FedEx and TNT shipments to and from Iceland, as per the three-year deal the carrier has signed recently with the US-based courier company. Having acquired TNT in 2016, FedEx is merging the former express services provider’s operations within its own and is also looking to expand its operations in Iceland.
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