FedEx Freight Now Offers Asia to U.S. Service; Seamless Process and End-to-End Visibility Make Shipping From Asia Easy.Business Editors MEMPHIS Memphis, city, ancient Egypt Memphis (mĕm`fĭs), ancient city of Egypt, capital of the Old Kingdom (c.3100–c.2258 B.C.), at the apex of the Nile delta and 12 mi (18 km) from Cairo. , Tenn.--(BUSINESS WIRE)--April 24, 2003 FedEx Freight, with FedEx Trade Networks and FedEx Ground FedEx Ground is a shipping company headquartered in Moon Township, Pennsylvania, a suburb of Pittsburgh. Originally a small regional package shipping company called Roadway Package System (RPS), it was created to be a discount competitor to UPS. , is now offering ocean and ground service from Asia to virtually all continental U.S. zip codes via FedEx Trade Networks Ocean-Ground Distribution(SM) service. The service helps reduce inventory cycle time with fast overall transit times and fewer processes than traditional ocean service from Asia. FedEx Freight (regional less-than-truckload freight services), FedEx Ground (small package ground delivery) and FedEx Trade Networks (customs clearance, freight forwarding, and trade facilitation See also Trade Facilitation and Development. Trade facilitation looks at how procedures and controls governing the movement of goods across national borders can be improved to reduce associated cost burdens and maximise efficiency while safeguarding legitimate solutions) are subsidiaries of FedEx Corp. (NYSE NYSE See: New York Stock Exchange :FDX See full-duplex. fdx - full-duplex ). FedEx Trade Networks facilitates the preparation and containerization con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. of shipments in Asia, and manages the ocean portion of the service as well as customs clearance and document preparation, while FedEx Freight and FedEx Ground handle the inland distribution transportation once shipments are cleared at U.S. container freight stations in gateway cities The Gateway Cities of Southern California are those located in southeastern Los Angeles County. There is some cross-over between these cities and those composing South Los Angeles, East Los Angeles, the South Bay, and the San Gabriel Valley. . "This unique service is beneficial for shippers seeking a reliable, faster and simpler way to ship freight originating in Asia to multiple destinations across the U.S.," said Douglas G. Duncan, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of FedEx Freight Corp. "Shippers, and their CFOs, will appreciate the potential cost-saving efficiencies from a streamlined supply chain and elimination of the need for safety stock and distribution centers." Reliability and predictability are the keys to bypassing the distribution center component of importing. From the moment shipments are labeled at the origin in Asia through delivery to ultimate destination, immediate access to status information is available through a FedEx secure web site. This information enhances shippers' ability to quote and maintain delivery dates for customers, providing them both with a high level of comfort and the option to carry less inventory, and possibly bypass distribution centers in the U.S. Applying shipping labels in Asia eliminates the need for labeling on the U.S. side of the move. The resulting benefits can be a reduction in warehouse labor, administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. and the risks of re-handling. Shippers may also be able to cut multiple days from their overall transit times using FedEx Trade Networks Ocean-Ground Distribution service compared to traditional Asia-U.S. ocean ground transit times. Commercial ocean carriers are utilized based on service, reliability and fast transit times. The palletized or loose freight that originates in Asia may travel by full or less than container load Less Than Container Load Shipments of less than container load size (<$50,000). shipments. Upon arrival in the U.S., the consolidated shipments are deconsolidated at one of two gateways, which are strategically located to maximize the next-business-day and second-business-day coverage provided by FedEx Freight and the transit times provided by FedEx Ground. This allows for rapid transit rapid transit, transportation system designed to allow passenger travel within or throughout an urban area, usually employing surface, elevated, or underground railway systems or some combination of these. times as the shipments are delivered directly to multiple recipients as LTL LTL - Linear Temporal Logic (less-than-truckload) freight by FedEx Freight or as small package shipments by FedEx Ground. Accountability It is the portfolio of FedEx services that makes this ocean ground distribution service possible. The unique combination of FedEx Trade Networks' freight forwarding and customs brokerage services and expertise, plus the vast inland networks of FedEx Freight and FedEx Ground, equal a one-stop resource for shippers. With FedEx Trade Networks Ocean-Ground Distribution service, the customer is provided a single point of contact, bundled pricing based on specific shipping needs, and one invoice. This reduction in complexity is a clear benefit compared to the typical hand-offs and added costs shippers usually face when using multiple disparate service providers for traditional international shipping. Origins in Asia FedEx Freight expects most of the freight moving through the new service to originate in Verb 1. originate in - come from stem - grow out of, have roots in, originate in; "The increase in the national debt stems from the last war" the following regions of Asia: Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , South and East China, the Philippines, Singapore and Taiwan. Many other Asian countries can be accommodated, including Indonesia, Malaysia, South Korea, Thailand, Japan and India. About FedEx Freight As a member of the FedEx Corp. family of companies, FedEx Freight is the $2 billion leading U.S. provider of next-day and second-day regional LTL freight services. With corporate offices in Memphis, Tenn., FedEx Freight is composed of two operating companies, FedEx Freight East and FedEx Freight West, both known for exceptional service, reliability and on-time performance. Through a comprehensive network of service centers and advanced information systems, the two companies provide service to virtually all U.S. zip codes, including Alaska and Hawaii. Internationally, they provide service to Canada, Mexico, Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , Central and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , the Caribbean and Europe, and from Asia. More information about FedEx Freight East, based in Harrison, Ark., and about FedEx Freight West, based in San Jose, Calif., can be found at www.fedexfreight.fedex.com. About FedEx Trade Networks FedEx Trade Networks, Inc. helps customers of all sizes solve the intricacies of shipping goods globally by providing comprehensive customs brokerage, international freight forwarding, transportation, consulting and advanced e-commerce and trade facilitation solutions. About FedEx Ground FedEx Ground, the second largest small-package ground carrier in North America, has a network of more than 500 distribution hubs and local pickup-and-delivery terminals throughout the United States and Canada. The company reported annual revenue of $2.7 billion in fiscal year 2002. About FedEx With annual revenues of $22 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, the largest U.S. provider of regional less-than-truckload freight services; FedEx Custom Critical, North America's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs clearance, international freight forwarding and trade facilitation. NOTE TO EDITORS: Press releases and additional information about FedEx Corp. and its operating companies can be found on the World Wide Web at http://www.fedex.com. |
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