Munich, Bucharest and Chengdu the Newest Locations in FedEx Global Freight Forwarding Expansion
MEMPHIS, Tenn., August 16, 2011— FedEx Trade Networks, a subsidiary of FedEx Corp. (NYSE: FDX) and growing international ocean and air freight forwarder, today announced its expanded global presence with three new freight forwarding offices in Europe and Asia. The new offices in Munich, Germany; Bucharest, Romania; and Chengdu, China represent the latest step in the company’s ongoing global expansion plan.
“Today’s shippers need a freight forwarder with global reach,” said Fred Schardt, president and CEO of FedEx Trade Networks. “By continuing to build our infrastructure in the world’s most critical growth markets, we are delivering on our commitment to provide what we feel is the most complete portfolio of supply chain solutions in the industry.”
Last month, FedEx Trade Networks announced that it is now offering customers three distinct ocean shipping solutions through its new ocean choices portfolio. The new offering gives customers the ability to choose and implement the ocean freight forwarding service that best fits their supply chain needs—whether the product demands flexibility or speed-to-market distribution services.
In addition to its new ocean choices portfolio, customers of FedEx Trade Networks also benefit from flexible air freight forwarding solutions that employ a variety of value-added services, including the ability to track and trace their complete supply chain and managed control of their goods in transit from point of origin to final destination. The company also offers other multimodal solutions such as customs brokerage, purchase order management with Global Order Logistics, surface transportation, warehousing and distribution.
This latest round of office openings marks the fourth consecutive year that FedEx Trade Networks has aggressively expanded its global network. Since 2008, the company has opened 41 offices outside of the U.S. and Canada, and continues to grow.
The office in Munich is the third FedEx Trade Networks office to open in Germany and the Chengdu office is the company’s tenth in China. The new operations in Bucharest mark the company’s entry into the Romanian market.
The newest operations in Munich, Bucharest and Chengdu join a growing global network of company-owned offices for FedEx Trade Networks. Other locations include United Kingdom (Manchester and London), The Netherlands (Amsterdam and Rotterdam), Belgium (Brussels and Antwerp), France (Paris and Le Havre), Spain (Madrid and Barcelona), Italy, Germany (Frankfurt and Hamburg), Poland (Gdynia and Warsaw), Hungary, the Czech Republic, Slovakia, Turkey, the United Arab Emirates, India (Mumbai, Chennai and Delhi), Mexico, Brazil, Singapore, Taiwan, Hong Kong and the Chinese cities of Shanghai, Beijing, Guangzhou, Shenzhen, Qingdao, Tianjin, Xiamen, Dalian and Ningbo. The company also has a representative office in Vietnam.
About FedEx Trade Networks
FedEx Trade Networks, and its predecessor companies, have more than 100 years of experience in international trade. The company’s advanced technology and network of worldwide locations and alliances enables it to provide comprehensive ocean and air international freight forwarding, customs brokerage, Global Order Logistics, distribution and surface transportation, trade advisory services, and advanced e-commerce and trade facilitation solutions. FedEx Trade Networks has the resources and support to help customers of all sizes navigate the intricacies of shipping goods globally. For more information, visit ftn.fedex.com.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $38 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 290,000 team members to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.