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FedEx subsidiary opens three new offices

By Hpanchal on August 17, 2011

To grow its global freight-forwarding presence, FedEx Trade Networks has opened offices in Munich; Bucharest, Romania; and Chengdu. This brings the total number of freight-forwarding facilities the FedEx subsidiary has launched outside of North America since 2008 to 41.

The new office is Bucharest is particularly noteworthy, company officials said, as it signifies FedEx Trade Networks’ entry into the Romanian market. The freight forwarder already had a presence in Germany and China, with its new facilities marking FedEx Trade Networks’ third and 10th offices in these nations, respectively.

According to company officials, FedEx Trade Networks has been in serious expansion mode for the past four years, opening branches in the United Kingdom, Belgium, Hungary, the Czech Republic, Italy, Poland, and more. The Middle East and Asia have also been on FedEx Trade Networks’ radar, with the company establishing branches in the United Arab Emirates, Hong Kong, Singapore and the Chinese cities of Shanghai, Beijing, Guangzhou, Shenzhen, Qingdao, Tianjin, Xiamen, Dalian and Ningbo.

Fred Schardt, president and CEO of FedEx Trade Networks, says the three new offices will expand his company’s reach even more. “Today’s shippers need a freight forwarder with global reach,” he said in a statement. “By continuing to build our infrastructure in the world’s most critical growth markets, we are delivering on our commitment to provide what we feel is the most complete portfolio of supply-chain solutions in the industry.”

Along with its seafreight solutions, FedEx Trade Networks provides customers with warehousing and distribution services, customs brokerage and ground transportation.

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