Subscribe to our free, weekly email newsletter!


FedEx rolls Trade Networks rolls out FedEx International Direct Priority Ocean service in India

By Jeff Berman, Group News Editor
September 27, 2013

FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, recently announced it has rolled out its FedEx International Direct Priority Ocean service in India.

Introduced in July 2011 as part of FedEx Trade Networks’ Ocean Choices portfolio, this service is comprised of reliable ocean delivery services for less-than-container load (LCL) and full-container-load (FCL) cargo. With this service, cargo is shipped from the origin to North America, with final delivery available throughout the contiguous United States and it includes premier ocean freight forwarding, U.S. customs brokerage, online visibility and reliable delivery for both less-than-container-load and full-container-load cargo, said FedEx.

FedEx said this service is now available to shippers from Banglagore, Chennai, Delhi, and Mumbai, adding that bringing these locations into the fold extends the reach of this service and offers shippers that export to the U.S. with more freight forwarding services.

A FedEx spokesman told LM that there is strong demand for solutions like FedEx International Direct Priority Ocean, particularly in emerging markets like India.

“Ocean freight in India showed growth of more than 12% last year, and is expected to grow at a CAGR (compounded annual growth rate) of 14.90 % by 2016,” he said. “This launch makes us the only company offering this type of service between India and the United States, and is an integral part of our growth strategy to provide customers around the globe access to premier FedEx freight forwarding services.”

In terms of shipper benefits, the spokesperson explained that customers can enjoy better control of the supply chain with dependable predictability of final delivery, while receiving an individual point of contact, a single rate and a single invoice. And the expedited ocean service provides final delivery for LCL (less-than-container load) shipments provided by FedEx Freight Priority (a less-than-truckload service offering fast-transit choice for reliable, time-sensitive LTL freight delivery), which he said has the fastest published transit times of any nationwide LTL service.

Along with the new FedEx International Direct Priority Ocean service in India, FedEx said it has opened freight forwarding operations in Bangalore, which provides shippers with international air and ocean freight forwarding services, surface transportation, customs brokerage, and documentation. This is the company’s fourth India-based FedEx Trade Networks office. 

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The questions for the most recent Semiannual Economic Forecast, which was released last week, included: 1-has the strength of the U.S. dollar had a negative, negligible or positive impact on their organization’s profits?; 2-has the net impact of the depressed prices of oil and related commodities been negative, negligible, or positive for their organization’s profits; and 3-how would they characterize the combined impact of their organization’s profits on the strength of the U.S. dollar and the depressed prices of oil and related commodities.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico dropped 5.8 percent on an annual basis in March to $90.5 billion.

Shippers sourcing their goods out the Port of Oakland’s largest marine terminal will soon need to make an appointment drayage providers before their cargo is released.

U.S. Carloads fell 10.6 percent at 244,290, and intermodal containers and trailers were off 6.5 percent at 262,693.

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

Article Topics

News · FedEx · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA