FEDEX TRADE NETWORKS ANNOUNCES ALLIANCE WITH FRANS MAAS
MEMPHIS, Tenn., Jan 3, 2002 (BUSINESS WIRE) — FedEx Trade Networks (NYSE: FDX) today announced that its subsidiary, Tower Group International, Inc., has entered into an alliance with Koninklijke Frans Maas Groep N.V., a leading European provider of international freight forwarding and logistics services. The companies will operate door-to-door air and ocean forwarding transportation services between Europe and North America. About Frans Maas Koninklijke Frans Maas Groep N.V. is an international logistics company with a broad spectrum of services. Frans Maas offers a complete range of international freight-forwarding activities and logistics services, including goods flow management in complex supply chain management projects. Frans Maas serves the entire continent of Europe, operating a network of 178 group-owned locations in 26 countries with 7,500 employees. About TowerGroup Tower Group International, Inc. (TowerGroup) is a leading provider of international trade services, specializing in customs brokerage, international freight forwarding, and trade consulting services. TowerGroup’s value-added products include TowerNet, an information tool that allows companies to track and manage imports and exports, and EDI partnerships. TowerGroup serves all major industry segments with a network comprised of over 61 locations throughout North America. TowerGroup is a wholly-owned subsidiary of FedEx Trade Networks Inc. About FedEx Trade Networks FedEx Trade Networks Inc. is one of five operating subsidiaries of FedEx Corporation, the premier global provider of transportation, e-commerce and supply chain management services. FedEx Trade Networks is a provider of customs brokerage, consulting, information technology, trade facilitation and international transportation solutions. Its operating companies include Tower Group International Inc., one of the largest customs brokers in North America and an international freight forwarder; Caribbean Transportation Services, the leading provider of airfreight forwarding services between the United States, Puerto Rico and the Dominican Republic; and World Tarriff, a publisher of custom duty and tax information. About FedEx Corporation With annual revenues of $20 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world’s largest express transportation company; FedEx Ground, North America’s second largest provider of small-package ground delivery service; FedEx Freight, a leading provider of regional less-than-truckload freight services; FedEx Custom Critical, the world’s largest provider of expedited, time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting, information technology and trade facilitation solutions. NOTE TO EDITORS: FedEx Trade Networks’ press releases are available on the World Wide Web at . CONTACT: FedEx Trade Networks, Memphis Jan Prezzato, 901/434-7781 or FedEx Public Relations Sandra Munoz, 425/793-1900 Ext. 513 URL:
