FedEx Introduces Global E-Commerce Solutions Under FedEx CrossBorder
March 22 2016 - 09:00AM
Business Wire
Re-launch of Bongo International Marks
Expansion of FedEx Global E-commerce Portfolio
FedEx Trade Networks, the international freight forwarding arm
of FedEx Corp. (NYSE: FDX), today announced the re-launch of Bongo
International as FedEx® CrossBorder.
The announcement highlights the FedEx investment in expanding
its international e-commerce offerings.
FedEx CrossBorder, a subsidiary of FedEx Trade Networks, offers
e-commerce technology solutions that enable e-tailers to navigate
common cross-border selling challenges —such as regulatory
compliance, secure payment processing, multi-currency pricing, or
credit card fraud protection— and offers access to e-commerce
shoppers around the globe.
“Customers are looking for ways to tap into e-commerce markets
internationally, and FedEx CrossBorder helps provide that access,”
said James R. Muhs, president and CEO, FedEx Trade Networks. “FedEx
CrossBorder expands the FedEx portfolio and provides e-tailers with
opportunities to ship locally and grow internationally. E-tailers
ship their orders to one of our domestic locations, and FedEx
CrossBorder gets the orders to the customers’ international
destinations.”
FedEx CrossBorder e-commerce solutions can work within a
business’ existing website and shopping cart platform for a secure
and integrated checkout experience that allows e-tailers to
maintain their brand identity and customer experience with the
opportunity to reach new customers in more than 200 countries and
territories.
“Only about one-third of U.S. based global e-commerce sites
accept foreign currencies, and research tells us that customers are
more likely to abandon shopping carts that only show U.S. dollar
pricing,” said Chip Hull, vice president, FedEx CrossBorder. “FedEx
CrossBorder addresses international purchasing obstacles with a
seamless checkout and delivery approach that accepts over 80
currencies, provides 15 payment options, manages multiple delivery
options, and offers credit card fraud protection, all through a
single platform.”
The introduction of FedEx CrossBorder comes at a time when
global e-commerce is growing, with online buying behavior
representing over $1 trillion in sales per year. That number is
forecasted to nearly double within four years.
About FedEx CrossBorder
FedEx CrossBorder and its international technology solutions
provide the tools needed to help ease the challenges of
international e-commerce such as duty calculations, package
tracking, calculating other international shipping costs, and
currency conversion. The company’s technology solutions help enable
businesses to expand global sales by providing access to new
consumers in over 200 countries and territories. FedEx CrossBorder
is a subsidiary of FedEx Trade Networks, Inc. and is comprised of
innovative e-commerce cross-border enablement capabilities. For
more information, visit fedex.com/crossborder.
About FedEx Trade Networks
As the international freight forwarding arm of FedEx Corp.,
FedEx Trade Networks connects 95 percent of the world’s gross
domestic product (GDP) with its comprehensive suite of solutions.
The company’s network of worldwide locations and alliances enables
it to help customers of all sizes build solutions to fit their
shipping needs, specializing in e-commerce, air and ocean freight
forwarding, customs brokerage and other trade facilitation
services. FedEx Trade Networks provides customers the global reach
and local expertise to help optimize their supply chains – all
while being backed by the reliability of the FedEx brand. For more
information, visit ftn.fedex.com.
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 $49 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 340,000
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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version on businesswire.com: http://www.businesswire.com/news/home/20160322005554/en/
FedEx Trade NetworksKristen Pierce,
901-379-6735kristen.pierce@fedex.com
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