FedEx Trade Networks opens up new Chicago ‘gateway’ location

By Jeff Berman, Group News Editor
April 05, 2011 - LM Editorial

FedEx Trade Networks, a subsidiary of FedEx and the company’s global trade arm, said this week it has opened up a new air and ocean gateway in Chicago.

Company officials said the new 104,000 square-foot location, with more than 85,000 square-feet for distribution, provides shippers with expanded service offerings, including freight forwarding, customs brokerage, and distribution services. They added that this new location, which is twice the size of its former Chicago office where it had a presence for 17 years, is in close proximity to Chicago O’Hare International Airport and intermodal rail facilities.

FedEx Trade Networks President and CEO Fred Schardt told LM that Chicago serves as one of the great commercial centers of the world and having a presence there is basically a must-have and ties into what FedEx Trade Networks is doing on a global basis.

“We started our global expansion in 2008 and since then we have opened up 33 offices outside of the U.S. and Canada in Europe, the Middle East, Asia and Latin America,” said Schardt. “The strengthening of our U.S. network and enhancing our Chicago network, which is a key center, are really part of the overall strategy we developed two years ago. We need strength in the U.S. to compliment our strength overseas. It is all part of a strategic plan to make us one of the world’s leading freight forwarders.”

In terms of customer benefits, Schardt said FedEx is now fully equipped to offer Midwest U.S. shippers a full suite of ocean and air freight forwarding services on an inbound and outbound basis, customs brokerage, and distribution services.

The new location currently has about 80 employees and is expanding with the capacity for more staff. Types of positions at this location include import and export, warehousing, distribution, management, and sales teams.

“Being part of FedEx, FedExTrade Networks has access to the FedEx customer base on top of our 25,000 customers,” said Schardt. “One of the unique advantages we have is being affiliated with the FedEx portfolio and it helps greatly with customer credibility. This new location is twice as big as the previous one and has more capabilities of what we can do to serve our customers.”

For related articles, please click here.



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

Seasonally-adjusted (SA) for-hire truck tonnage in July headed up 1.3 percent on the heels of a 0.8 percent increase in June. The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment, was 133.3 in July, which outpaced June’s 132.3 by 0.8 percent, and was up 2.8 percent annually.

Volumes for the month of July at the Port of Long Beach (POLB) and the Port of Los Angeles (POLA) were mixed, according to data recently issued by the ports. Unlike May and June, which saw higher than usual seasonal volumes, due to the West Coast port labor situation, July was down as retailers had completed filling inventories for back-to-school shopping.

With a 0.8 cent decrease, this week’s average price per gallon is $3.835 and stands as the lowest price since hitting $3.844 the week of November 25, 2013.

LTL carriers are rapidly investing in expensive, on-dock, three-dimensional size measurement capturing machinery, and they are hoping one day of being able to more accurately charge shippers rates based on the actual dimensions of their shipments, rather than the traditional weight-and-distance-based formula that has been in effect since the 1930s or even earlier.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) recently reported that its Freight Transportation Services Index (TSI) dipped 0.9 percent from May to June.

About the Author

Jeff Berman, 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. Contact Jeff Berman.

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