- 16 January 2018
- Transport / Logistics Services
FedEx is undergoing a restructuring programme where it will realign its specialty logistics and e-commerce solutions in a new structure called FedEx Trade Networks, Inc (also known as FTN). The move will take place from the 1st March.
In a statement issued today (16 January), FedEx president and chief operating officer David J. Bronczek said: “In order to improve our ability to leverage the unique capabilities of our specialty companies, we are realigning several companies in a new organizational structure under FedEx Trade Networks, led by FTN CEO Richard W. Smith.
“Richard brings a strong background in working with the unique capabilities that have existed in many parts of the FedEx portfolio for several years and is well suited to lead this new organization that will bring these solutions to customers more seamlessly than ever.”
The restructuring will take place as follows:
FedEx Custom Critical, FedEx Cross Border, FedEx Supply Chain, FedEx Trade Networks Transport & Brokerage – A new company called FedEx Forward Depots with responsibility for Critical Inventory and Service Parts Logistics, 3-D Printing, Repair Center and the FedEx Packaging Lab.
“This realignment under FedEx Trade Networks will allow us to offer customers the full power of our wide array of unique and competitively advantaged customized services in a way that is even more convenient and intuitive,” said Richard W. Smith, CEO, FedEx Trade Networks.
As a result of the realignment, FedEx Supply Chain results, currently reported in the FedEx Ground segment, and FedEx Custom Critical results, currently reported in the FedEx Freight segment, will be reported with FedEx Trade Networks in the FedEx Express segment effective March 1, 2018.