FedEx Realigns Specialty Logistics and E-Commerce Solutions
January 16 2018 - 09:00AM
Business Wire
Combines specialty logistics solutions to
simplify access for customers
FedEx Corp. (NYSE: FDX) announced the realignment, beginning
March 1, 2018, of its specialty logistics and e-commerce solutions
in a new structure under FedEx Trade Networks, Inc. (FTN), creating
an organization focused on serving the unique needs of this
important growth driver.
“In order to improve our ability to leverage the unique
capabilities of our specialty companies, we are realigning several
companies in a new organizational structure under FedEx Trade
Networks, led by FTN CEO Richard W. Smith,” said David J. Bronczek,
president and chief operating officer, FedEx Corporation. “Richard
brings a strong background in working with the unique capabilities
that have existed in many parts of the FedEx portfolio for several
years and is well suited to lead this new organization that will
bring these solutions to customers more seamlessly than ever.”
The elements of this organization are as follows:
- FedEx Custom Critical1
- FedEx Cross Border
- FedEx Supply Chain1
- FedEx Trade Networks Transport &
Brokerage
- A new company called FedEx Forward
Depots with responsibility for Critical Inventory and Service Parts
Logistics, 3-D Printing, Repair Center and the FedEx Packaging
Lab.
“This realignment under FedEx Trade Networks will allow us to
offer customers the full power of our wide array of unique and
competitively advantaged customized services in a way that is even
more convenient and intuitive,” said Richard W. Smith, CEO, FedEx
Trade Networks. “I am delighted to lead this organization of
talented FedEx team members in delivering to customers the power of
the broad FedEx global portfolio.”
1 FedEx Supply Chain results, currently reported in the FedEx
Ground segment, and FedEx Custom Critical results, currently
reported in the FedEx Freight segment, will be reported with FedEx
Trade Networks in the FedEx Express segment effective March 1,
2018.
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 $62 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 400,000
team members to remain “absolutely, positively” focused on safety,
the highest ethical and professional standards and the needs of
their customers and communities. To learn more about how FedEx
connects people and possibilities around the world, please visit
about.fedex.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180116006060/en/
FedEx Corp.Patrick Fitzgerald,
901-818-7300patrick.fitzgerald@fedex.com
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