FedEx SmartPost Expands Service into Canada
PITTSBURGH, March 31, 2009—FedEx SmartPost announced today that it has expanded its service into Canada for U.S. shippers by using the residential delivery capabilities of the Canada Post Corporation.
In the United States, FedEx SmartPost, a wholly-owned subsidiary of FedEx Ground, specializes in the delivery of low-weight, less time-sensitive business-to-consumer packages, using the U.S. Postal Service for the final-mile to residences. FedEx SmartPost International involves a similar relationship with Canada Post.
FedEx SmartPost International addresses the key challenges of shipping parcels from the United States into Canada with a comprehensive cross-border solution through integration with Canada Post’s Borderfree™ services. This integration provides shippers with key transborder features:
- Broker-inclusive service
- Paperless electronic customs clearance (no paper documents required)
- No collect on delivery (C.O.D.) or remit on delivery (R.O.D.) required from recipient for duties and taxes
- Intra-Canadian returns service with duty and tax refunds
FedEx SmartPost International will extend to Canada the consistent, reliable service that its customers have come to expect in the United States. It offers reliable transportation, robust scanning and sorting technology, and streamlined border crossing residential service to Canada.
“The success of FedEx SmartPost in the United States has been driven by our unique, economical service offering for catalogers, e-tailers and other companies that ship low-weight packages,” said Ward B. Strang, president of FedEx SmartPost. “We are expanding service into Canada based largely on requests from existing shippers who are looking for the same value, plus the added benefit of a comprehensive customs clearance solution.”
“This agreement is good for both FedEx and Canada Post,” said Louis O’Brien, president of Canada Post’s Parcels Division. “It will provide additional business for Canada Post, while offering FedEx SmartPost customers the convenience of our seamless Borderfree™ solution and our delivery network throughout Canada.”
The service is available to all residential addresses, including P.O. boxes, in Canada and includes around-the-clock shipment tracking status updates via fedex.com.
About Canada Post
Canada Post delivers over 11 billion pieces of mail each year to 14 million destinations. Its 60,000 employees and 6,600 post offices the largest retail network in the country serve 32 million Canadians and over 1 million businesses and public institutions from coast to coast to coast. In 2007, net income for Canada Post and its affiliates, which include Purolator Courier, SCI Logistics and Innovapost (jointly owned by Canada Post and CGI), was CDN$ 54 million on revenues of CDN$ 7.5 billion. Canada Post is a world leader, providing innovative physical and electronic delivery solutions, creating value for our customers, employees and Canadians. Website: http://www.canadapost.ca.
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 $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.
Certain statements in this press release may be considered forward-looking statements, such as statements relating to management’s views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the global markets in which we operate, new U.S. domestic or international government regulation, the impact from any terrorist activities or international conflicts, our ability to effectively operate, integrate and leverage acquired businesses, the impact of changes in fuel prices and currency exchange rates, our ability to match capacity to shifting volume levels and other factors which can be found in FedEx Corp.’s and its subsidiaries’ press releases and filings with the SEC.
BorderfreeTM is a registered trade-mark of Canada Post Corporation.
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