Subscribe to our free, weekly email newsletter!


Global logistics: FedEx Trade Networks forms strategic alliance with Fritz Companies Israel

image

In the company’s continued effort to strengthen its global operations, FedEx Trade Networks has established a strategic alliance in Israel with leading international freight forwarder Fritz Companies Israel T Ltd.

By Michael Levans, Group Editorial Director
July 07, 2010

As part of its ongoing global expansion, FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, said it has chosen international freight forwarder Fritz Companies Israel as its sole Regional Service Provider (RSP) in Israel. Company officials said this partnership will provide shippers with expanded international ocean and air freight forwarding services.

Fritz Companies Israel has more than 400 employees located at distribution facilities throughout Israel. And it has significant air and ocean volumes between Israel and various locations where FedEx Trade Networks operate globally with its company-owned offices and other RSPs, according to FedEx.

“Our new strategic alliance with Fritz Companies Israel will allow us to extend [our] services into the Israel market as well,” said Trisha Beeman, FedEx Trade Networks spokesperson.

“As we continue to build our global infrastructure by opening FedEx Trade Networks-owned offices, we are also establishing strategic alliances with RSPs who support our ocean and air programs for specific countries in which we do not operate directly. Over the last 20 years Fritz Companies Israel has established itself as a leader in the Israel freight forwarding market and the company has the local expertise, infrastructure and capabilities we look for in our RSPs.”

Beeman said that strategic alliances like this one add to FedEx Trade Networks’ global presence by helping provide supply chain solutions for its rapidly expanding customer base. And she added that building the strategic alliance with Fritz Companies Israel demonstrates that both companies are listening to customers who have indicated that they prefer a provider that has global reach, high service reliability, is innovative and who offers real customer supply chain solutions in the regions in which they trade.

Over the past two years, FedEx Trade Networks has opened 26 company-owned offices throughout Europe, the Middle East, Africa, Asia, and Latin America as part of its global expansion plan. This announcement marks its first strategic alliance in Israel.

In terms of the benefits that this strategic alliance will bring for shippers, Beeman said that it is a mutually beneficial relationship that will give current and new customers of Fritz Companies Israel access to the global reach and strength of the FedEx brand, and FedEx Trade Networks customers will gain unprecedented access to the Israel market.

“Through the alliance, both companies will offer expanded international ocean and air freight forwarding services, further solidifying their commitment to superior customer service in Israel and around the world,” said Beeman. “[Shippers] will benefit from increased local market presence, providing improved freight forwarding service offerings productivity and end-to-end support; direct access to local personnel with industry experience and local expertise; expanded regional access to services; seamless support across other FedEx operating companies and enhanced access to the FedEx global network; and access to the FedEx global network.”

About the Author

image
Michael Levans
Group Editorial Director

Michael Levans is Group Editorial Director of Peerless Media’s Supply Chain Group of publications and websites including Logistics Management, Supply Chain Management Review, Modern Materials Handling, and Material Handling Product News. He’s a 23-year publishing veteran who started out at the Pittsburgh Press as a business reporter and has spent the last 17 years in the business-to-business press. He’s been covering the logistics and supply chain markets for the past seven years. You can reach him at .(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 PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

Article Topics

News · Air Freight · All topics

Comments

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


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA