FedEx Archives: 2002 Press Releases

( BW)(TN-FEDEX)(FDX) FedEx Express is Certified Under Customs-Trade Partnership Against Terrorism - C-TPAT - Program

    "FedEx Express has always maintained highly effective security procedures," said Michael L. Ducker, executive vice president of International at FedEx Express. "The C-TPAT certification further reinforces our commitment to the safe and secure transport of our customers' shipments.

    "In addition, customers who participate in the C-TPAT program can enjoy the competitive advantage of speedier customs clearance by choosing FedEx Express as their carrier of choice for transport of critical, time-definite shipments."
    U.S. Customs launched C-TPAT in April 2002 with the support of U.S. importers who were concerned about the delays occurring at the U.S. border because of the post 9-11 security concerns. The jointly designed Customs-business initiative requires that interested importers, brokers, or transportation providers apply for participation by conducting a comprehensive supply chain security self-assessment and subsequently submitting a security profile questionnaire to U.S. Customs. The ultimate goal of C-TPAT is to ensure that proper security procedures are in place to protect the flow of global trade.

    U.S. importers that join the C-TPAT program can expect to reap such benefits as expedited Customs clearance, a reduced number of inspections and an assigned point of contact within U.S. Customs.

    Complete information about the C-TPAT program and how to apply is available at the U.S. Customs web site at http://www.customs.ustreas.gov/.

    FedEx Trade Networks, Inc., a subsidiary of FedEx Corporation, is now offering its consulting expertise through its Trade Services division to assist interested companies through the Customs-Trade Partnership Against Terrorism (C-TPAT) certification process. FedEx Trade Networks is particularly well suited for advising applicants on the C-TPAT process because it has unparalleled experience in customs compliance, worldwide transportation, and cargo security.

    In addition, FedEx Trade Networks Transport & Brokerage, Inc., a division of FedEx Trade Networks and the largest filer of Customs entries in North America, recently signed the required Memorandum of Understanding and submitted applications to achieve C-TPAT certification for its customs brokerage and international freight forwarding operations.

    "FedEx Trade Networks is at the forefront of the C-TPAT certification process because of its extensive experience in managing the Customs clearance and brokerage process," said G. Edmond Clark, President and CEO of FedEx Trade Networks. "Following the tragic events of 9-11, U.S. Customs recognized that a new process was necessary in order to ensure the integrity of the global supply chain. FTN stands ready to help all interested applicants quickly and cost-effectively navigate the application process."
    "FedEx Trade Networks has a long history of working cooperatively with the U.S. Customs Service," said Gerald P Leary, President of FedEx Trade Networks Transport & Brokerage, Inc. "Once companies achieve C-TPAT status they will realize such benefits as fewer Customs inspections, faster cargo processing at the border, and a more secure supply chain."

    About FedEx

    With annual revenues of $21 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.

    About FedEx Trade Networks, Inc.

    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.

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    CONTACT: FedEx Corp.
             Sally Davenport, 901/434-7765
             sddavenport@fedex.com

    KEYWORD: TENNESSEE
    INDUSTRY KEYWORD: AEROSPACE/DEFENSE AIRLINES TRANSPORTATION
    SOURCE: FedEx Corp.