FedEx freight forwarding unit expands in Europe and Asia
FedEx freight forwarding division FedEx Trade Networks has opened three new offices in Germany, Romania and China as it seeks to expand its global presence. The freight forwarding offices in Munich, Bucharest and Chengdu aim to build on what FedEx sees as some of the most promising markets for growth.
The new Munich office is the third in Germany, while the Chengdu addition is the 10th Trade Networks branch in China.
FedEx said the Bucharest office marks its entry into the Romanian market.
The company’s Trade Networks division, formed out of the acquisitions of international logistics firm Tower Group and customs brokerage WorldTariff around 10 years ago, has been “aggressively” expanding in recent years, opening 41 offices outside the US and Canada since 2008.
“Today’s shippers need a freight forwarder with global reach,” said Fred Schardt, president and CEO of FedEx Trade Networks.
“By continuing to build our infrastructure in the world’s most critical growth markets, we are delivering on our commitment to provide what we feel is the most complete portfolio of supply chain solutions in the industry.”
The new offices come a month after FedEx Trade Networks redesigned its ocean shipping service portfolio with three distinct options to suit different supply chain needs.
Along with ocean shipping services, the Trade Networks unit offers air freight services that include track and tace capabilities, along with customs brokerage services, purchase order management, surface transportation, warehousing and distribution services.