FedEx Trade Networks Continues Global Expansion By Opening Offices in India and Around the World
Mumbai, India, Feb. 11, 2010—FedEx Trade Networks, a subsidiary of FedEx Corp. (NYSE: FDX) and growing international ocean and air freight forwarder, today announced it has opened two new offices in India in addition to four new freight forwarding offices across its Europe and Latin America as part of a global expansion plan. The company has opened 20 international freight forwarding locations in the past nine months, bringing the company’s total to 22 new international locations since 2008.
The new operations are located in Brussels, Belgium; Manchester and London, United Kingdom; and Mumbai and Chennai, India. In Latin America, the company opened a location in Mexico City, Mexico. The addition of these offices to the company’s existing infrastructure provides its customers with enhanced freight forwarding services between and among India, Europe, Latin America, Asia-Pacific and North America, as well as intra-regionally, with the additional benefit of local and global expertise.
“We listen carefully to our customers,” said Fred Schardt, president & CEO, FedEx Trade Networks. “They told us they prefer doing business with providers who have offices in the regions where they trade. With our global expansion efforts, shippers can get the flexible and reliable freight forwarding solutions they need from a name they trust—FedEx.”
The new offices are in key trading and distribution centers and strengthen the company’s position in the region. Opening offices in India is another key component of the company’s global expansion. India is one of the fastest-growing economies in the world and presents tremendous potential in terms of market growth, capacity, and expansion. Belgium, an access point to major ports, is centrally located at the heart of what is considered the golden triangle that links Amsterdam, Paris and Frankfurt.
The UK is a leading trading power and financial center and home to one of the busiest airports in the world. By establishing operations in Mexico, FedEx Trade Networks can facilitate increased end-to-end control of shipments and offer customers reliable services between Mexico and the rest of the world. The Latin American market overall generates substantial trade with North America and increasing volumes with Europe and Asia-Pacific.
These locations are the latest additions to the company’s expansion of its presence in key markets throughout Asia, Europe, the Middle East, Africa, and Latin America. In 2008, FedEx Trade Networks opened freight forwarding operations in Hong Kong and Shanghai followed by offices in Brazil, Singapore, Taiwan, The Netherlands, France, and the Chinese cities of Beijing, Guangzhou, Shenzhen, Qingdao, Tianjin, Xiamen, Dalian, and Ningbo in 2009.
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