Tag: FedEx

FedEx Expands Cross-Border Solutions to Facilitate Trade along Mexico-U.S. Border

FedEx Corporation announced today the expansion of the FedEx Transborder Distribution service for cross-border trade between Mexico and the U.S.

The enhanced solution provides importers and exporters with a portfolio of FedEx services designed to simplify cross-border trade and help their businesses flourish.

This expansion includes the recent opening of two border facilities ” one in Ciudad Juarez, Mexico, the other in El Paso, Texas ” to help facilitate the flow of goods.

With this expanded cross-border solution, FedEx looks to simplify the supply chain process by managing the transportation, brokerage and distribution of shipments that cross the Mexico-U.S. border on a regular basis, said Ed Clark, chief executive officer and president of FedEx Trade Networks. The vision is to create a single point of contact to facilitate the efficiency of the entire process.

This expanded solution will also help FedEx work hand-in-hand with maquilas and companies utilizing maquilas (or other duty-deferral programs) as part of their supply chain, so they can benefit from a simplified shipping and customs clearance process managed entirely by FedEx.

The FedEx companies have significant expertise with maquila operations and the procedures to remain in compliance with Customs regulations in the U.S. and Mexico.

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FedEx Corp. Board declares quarterly dividend

The Board of Directors of FedEx Corporation (NYSE: FDX) today declared a quarterly cash dividend of USD 0.10 per share on FedEx Corporation common stock. The dividend is payable October 1, 2007 to stockholders of record at the close of business on September 10, 2007.

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FedEx officer sells shares

The President and Chief Executive of a division of package delivery company FedEx Corp. sold 9,800 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, David F. Rebholz reported he sold the shares Tuesday for USD 109 to USD 109.38 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.

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FedEx to break ground in Kingsport next month

FedEx Ground is planning to begin construction on a new 90,000-square-foot distribution center at Gateway Commerce Park next month and open for business by June 1, 2008.

The Kingsport Regional Planning Commission voted unanimously Thursday night to approve the zoning development plan for the facility. The plan is expected to go before the Gateway Commission this morning for a Certificate of Appropriateness.

Tim Elam, a development associate with Scannell Properties of Indianapolis — the developers of the project — said construction on the USD 6 million facilities would begin around the middle of September, with the facility slated to be open by June 1, 2008.

The 90,000-square-foot facility is being built on 13 acres of land in the Gateway Commerce Park, with plans existing for a 20,000-square-foot expansion. The plan also calls for 21 loading docks for tractor-trailers and a perimeter road around the building to accommodate truck traffic.

FedEx will hire approximately 75 employees initially for the new facility, and Elam said growth projections show that number could potentially double.

The facility will receive 10 tractor- trailer trucks a day and process around 20,000 packages a day. Elam said the facility would essentially serve a 60- to 80-mile radius.

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FedEx spent USD 1.6 M lobbying in 2007

FedEx Corp. spent USD 1.6 million in the first half of 2007 to lobby the federal government, according to a disclosure form.

The Memphis, Tenn.-based company lobbied on aviation safety, air cargo security and environmental issues, according to the form posted online Friday by the Senate’s public records office.

The Memphis, Tenn.-based company lobbied Congress, the Federal Aviation Administration and the Transportation, Treasury, Homeland Security departments.

Under a federal law enacted in 1995, lobbyists are required to disclose activities that could influence members of the executive and legislative branches. They must register with Congress within 45 days of being hired or engaging in lobbying.

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