FedEx Expands International Economy Services in Mexico
MEXICO CITY, October 15, 2009 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, today announced the expansion of its international shipping portfolio to provide customers in Mexico with more choices for their less urgent shipments to more destinations around the world, at lower costs.
Effective October 31, 2009, FedEx Express will offer a more economical alternative for less urgent shipments from Mexico, with FedEx International Economy® to 204 destination countries and territories, and FedEx International Economy® Freight to 83 destination countries and territories. These services provide door-to-door, customs-cleared, time-definite delivery, and are an economical alternative for less urgent shipments characterized by the same quality, service and reliability expected from FedEx.
Key features of these services include:
- Delivery typically in 4-6 days
- 24-hour shipment status tracking at fedex.com and via e-mail
- Customs clearance
- Money-back guarantee
“Businesses around the world are seeking cost-effective alternatives to keep their competitive edge and still reach new market opportunities,” said Roby G. Brown, Vice President of Operations, FedEx Express, Mexico. “Our new economy service will provide more choices and cost savings, all with the same reliability and service that FedEx is known for.”
With the new FedEx economy services, customers doing business internationally now have more opportunities to improve their global supply chains, a strategic imperative for businesses large and small. According to a 2008 McKinsey Global Survey, “When setting strategic goals for supply chains, the respondents’ companies focus first on reducing costs and then on improving customer service and getting new products or services to market faster.”*
"Industry studies and entrepreneurs themselves are telling us about the impact today’s global economy is having on supply chains and the urgent need to reduce costs," Brown said. "At FedEx, we listen to our customers and we believe that FedEx International Economy services are perfect for small and medium businesses in Mexico.”
Small and medium businesses make up more than 90 percent of Mexican firms but less than 10 percent of exports, according to the Mexican Ministry of Economy. The new FedEx International Economy services help small and medium businesses continue to take advantage of participation in international markets with competitive costs and services.
FedEx International Economy and FedEx International Economy Freight services complement the existing FedEx Express international portfolio, which includes FedEx International Priority®, FedEx International Priority® Freight and FedEx International First®, designed for more time-sensitive shipments.
More information about FedEx international shipping services can be found by visiting fedex.com/mx.
About FedEx Express Latin America & Caribbean
FedEx Express Latin America and Caribbean division services more than 50 countries and territories throughout the region and employs more than 3,400 people committed to total customer satisfaction. FedEx Express LAC has acted as a pillar of growth for the region and continues its commitment through the FedEx PyMEx Membership program, the first initiative to partner with small and medium exporters by offering innovative ways to access the global marketplace.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $34 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 275,000 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.
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*Source: “Managing Global Supply Chains,” McKinsey Quarterly, McKinsey & Company, August 2008