News Content
FedEx re-bundles several units under FedEx founder's son in FTN
FEDEX Trade Networks (FTN) is expanding re-organising starting in March in response to the exponential growth of e-commerce, reports London's Air Cargo News.
Richard Smith, son of FedEx founder Fred Smith, now heads FTN, which will soon include a new company called FedEx Forward Depots, to handle critical inventory and service, parts logistics, 3-D printing, the repair centre and the FedEx Packaging Lab.
FTN will also incorporate FedEx Supply Chain and FedEx Custom Critical, with financial results being reported within the division from March.
Supply chain results are currently reported in the FedEx Ground segment and FedEx Custom Critical results are reported in the FedEx Freight segment
Said FedEx president and chief operating officer David Bronczek: "To improve our ability to leverage the unique capabilities of our specialty companies, we are realigning several companies in a new organisational structure under FedEx Trade Networks."
Said Mr Smith: "I am delighted to lead this organisation. This realignment under FedEx Trade Networks will allow us to offer customers the full power of our wide array of unique and competitively advantaged customised services in a way that is even more convenient and intuitive."
Richard Smith, son of FedEx founder Fred Smith, now heads FTN, which will soon include a new company called FedEx Forward Depots, to handle critical inventory and service, parts logistics, 3-D printing, the repair centre and the FedEx Packaging Lab.
FTN will also incorporate FedEx Supply Chain and FedEx Custom Critical, with financial results being reported within the division from March.
Supply chain results are currently reported in the FedEx Ground segment and FedEx Custom Critical results are reported in the FedEx Freight segment
Said FedEx president and chief operating officer David Bronczek: "To improve our ability to leverage the unique capabilities of our specialty companies, we are realigning several companies in a new organisational structure under FedEx Trade Networks."
Said Mr Smith: "I am delighted to lead this organisation. This realignment under FedEx Trade Networks will allow us to offer customers the full power of our wide array of unique and competitively advantaged customised services in a way that is even more convenient and intuitive."
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
