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.”
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.
About FedEx
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $44 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
