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About FedEx
FedEx Archives: 2001 Press Releases
( BW)(TN-FEDEX)(FDX) FedEx Express Enhances Fedex International Priority Service for Exports to Europe; Accelerates Distribution and Simplifies Export Process for Multiple-Recipient ShipmentsBusiness Editors MEMPHIS, Tenn.--(BUSINESS WIRE)--Nov. 5, 2001--FedEx Express, a subsidiary of FedEx Corp. (NYSE:FDX), announced a unique enhancement to FedEx International Priority DirectDistribution(SM) (IPD) service that enables shippers to consolidate multiple-recipient shipments under one international air waybill, clear customs through a single gateway as one consolidated shipment, and deliver to multiple recipients in up to 12 different EU countries from the U.S. and many points in Asia. FedEx International Priority DirectDistribution Single Point of Clearance simplifies the export process by requiring only one set of paperwork and allowing for customs clearance through one point of entry. This new enhancement can accelerate customers' distribution to within two to four days and reduce order-to-delivery cycles by as much as four to twelve days. "Any company that produces goods in the US or Asia and wants to reduce inventory carrying costs and speed up their product-to-market cycle will benefit from this IPD service enhancement," said Carl Asmus, vice president for global product marketing. "As new products are developed and the need for faster cycles increases, customers will look for the simplest, quickest means for making their products available. IPD provides customers with that ability," said Asmus. IPD offers the convenience of reliable package status tracking and visibility with just one box-level tracking number, backed by time-definite delivery and the FedEx Express money-back guarantee. The FedEx information-intensive network and unparallel global infrastructure enables FedEx Express to be the only express transportation company to make this unique service available. This new service enhancement will benefit manufacturers of semiconductors, automotive parts, consumer electronics and durable manufacturers as well as producers of apparel, toys, computers and computer peripherals and pharmaceuticals. Origin countries for IPD include: the US, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, the Philippines, Singapore, Thailand, and Taiwan. Destination countries are: Austria, Belgium, Denmark, France, Finland, Germany, Ireland, Italy, Luxembourg, the Netherlands, Spain and the UK. About FedEx With annual revenues of $20 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, a leading provider of regional less-than-truckload freight service; FedEx Custom Critical, the world's largest provider of expedited, time-critical shipments; and FedEx Trade Networks, a provider of customs brokerage, consulting informational technology and trade facilitation solutions network.
--30--DH/na*
CONTACT: FedEx Corp.
Jennifer McGowan, 404/350-9757
jmcgowan@fedex.com
http://www.fedex.com
KEYWORD: TENNESSEE
INDUSTRY KEYWORD: AIRLINES TRANSPORTATION
SOURCE: FedEx Corp.
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