FedEx Express Launches Faster Intra-Europe Economy Service
AMSTERDAM, February 6, 2019—FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, has reached another milestone in its integration with TNT, utilizing the unparalleled TNT European road network to improve transit times for FedEx Intra-Europe Economy shipments.
FedEx Intra-European Economy parcel shipments are those delivered within the EU within 2-5 business days, and are a vital service for many customers, particularly SMEs trading within Europe. Transit times will improve on approximately 40% of the European lanes in the countries where the service improvement is implemented. This cross-utilization of the combined FedEx Express and TNT networks is a major step towards full integration of the operations and delivers efficiencies as well as service benefits for customers.
“This is an exciting development for our customers and our team members, as the benefits of integration are coming to life through a faster, more comprehensive service for businesses trading within Europe,” said Bert Nappier, president of FedEx Express and CEO of TNT. “Through integration with TNT we are building Europe’s premier logistics business, and the integration of our economy networks takes us one step closer.”
The service improvement is currently being launched across Germany, United Kingdom, Benelux, Poland and Spain and will progressively roll out across the rest of Europe throughout the first half of 2019. As a result, many customers will see faster transit times and some may see co-branded TNT drivers pick up or deliver shipments, as more stations integrate. Tracking and shipping tools, customer support and invoicing will remain the same, ensuring a consistent interface for customers.
Through integration with TNT, FedEx Express has significantly increased its presence in the European market. TNT’s road network operates 55,000 weekly road trips, across more than 540 depots and 45 countries in Europe. Prior to the acquisition, Europe FedEx already served 46 airports across the continent, and operated more than 39 aircraft and more than 5,000 vehicles on the road.
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February 6, 2019
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