FedEx Corp. subsidiary FedEx Express announced the expansion of its international shipping portfolio to provide a lower-cost alternative for less-urgent international shipments.
FedEx International Economy service is the company's lower cost offering from more than 90 countries and territories. In addition, FedEx International Economy Freight service is available from more than 50 countries and territories, the company says. Prior to this global expansion, FedEx International Economy was offered from 16 countries and territories and FedEx International Economy Freight was available from 13 countries.
Both FedEx International Economy and FedEx International Economy Freight are door-to-door, customs-cleared, time-definite delivery services that reach markets representing more than 90% of global GDP, according to the company. Key features of these services include:
• Competitive rates
• Delivery typically in 2-5 business days
• 24-hour shipment status tracking
• Customs clearance
• Money-back guarantee.
“In today’s challenging economic environment, we understand that our customers need to keep costs down while maintaining a competitive edge in the global marketplace,” said Michael L. Ducker, president, International, FedEx Express. “Our newly expanded economy service delivers more choices, more savings, greater coverage and a seamless shipping experience around the world.”
The expanded FedEx International Economy and FedEx International Economy Freight services complement the existing FedEx Express international portfolio, which includes FedEx International Priority, FedEx International Priority Freight, FedEx International First and FedEx International Next Flight, designed for more time-sensitive shipments.
Recently, FedEx also announced plans to expand its global freight forwarding presence throughout Asia, Europe, the Middle East, Africa and Latin America. These expansion plans build on the company’s efforts to deliver a full-service transportation solution and better serve the supply chain needs of customers around the world, said the company.