|MUMBAI, September 19, 2013—FedEx Trade Networks, the freight forwarding arm of global shipping giant FedEx Corp. (NYSE: FDX), announced today the launch of its FedEx International Direct Priority OceanSM service in India. |
This innovative, end-to-end ocean solution is now available from four India origins: Bangalore, Chennai, Delhi and Mumbai. The addition of these new India origins extends the reach of the specialized ocean service and provides customers who export to the United States with additional ocean freight forwarding options.
With FedEx International Direct Priority Ocean, cargo is shipped from the origin to North America, with final delivery available throughout the contiguous United States. This specialized service includes premier ocean freight forwarding, U.S. customs brokerage, online visibility and reliable delivery for both less-than-container-load (LCL) and full-container-load (FCL) cargo.
FedEx Trade Networks introduced FedEx International Direct Priority Ocean in 2011, providing a more economical option to air freight forwarding, while offering faster, reliable ocean transit times than traditional ocean shipping. 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.
There is a strong demand for solutions like FedEx International Direct Priority Ocean, particularly in fast-growing, emerging markets like India. While FedEx Trade Networks overall ocean volume has tripled since 2008, its FY13 International Direct Priority revenue grew 182.7% over the prior fiscal year.
“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,” said Christian Blain, FedEx Trade Networks vice president of EMEIA (Europe, Middle East, India and Africa). “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.”
The company also announced the opening of freight forwarding operations in Bangalore, which also marks the fourth FedEx Trade Networks office in India. This location provides a full suite of international air and ocean freight forwarding services, surface transportation, customs brokerage and documentation. The new operations in Bangalore provide FedEx Trade Networks customers increased access to major global markets, both inbound and outbound.
“India is an important market for us and we are pleased to expand our operations in the country. With the introduction of FedEx International Direct Priority Ocean to India, ocean shippers have access to a suite of customisable options, including final delivery choices from door-to-door and port-to-door,” said Rajat Khosla, FedEx Trade Networks country manager – India. “We recognize the opportunities within the market and want to be a leader in India’s ocean logistics growth story. The launch of the FedEx International Direct Priority Ocean service is a step towards our commitment to serve our customers better.”
FedEx Trade Networks Ocean Choices
FedEx Trade Networks offers a choice of three distinct international ocean freight forwarding solutions providing coverage in major markets and trade lanes, including North America, Asia, Europe, India and Latin America. FedEx International Direct Priority Ocean is a reliable ocean delivery solution to a choice of U.S. destination ports from origins in China, Singapore, Taiwan, Thailand, Europe and now India. In addition, customers can choose from FedEx International Direct Economy OceanSM, a flexible ocean forwarding solution that can expand the reach of your business to any worldwide destination, or FedEx® International DirectDistribution Ocean, which offers the ultimate in speed-to-market ocean shipping solutions via distribution center bypass. To learn more about the company’s ocean services portfolio, visit http://ftn.fedex.com/ocean/.
About FedEx Trade Networks
FedEx Trade Networks, and its predecessor companies, have more than 100 years of experience in international trade. The company's advanced technology and network of worldwide locations and alliances enables it to provide comprehensive ocean and air international freight forwarding, customs brokerage, global order logistics, distribution and surface transportation, trade advisory services, and advanced e-commerce and trade facilitation solutions. FedEx Trade Networks has the resources and support to help customers of all sizes navigate the intricacies of shipping goods globally. For more information, visit ftn.fedex.com.