In 2000, FedEx Corp. acquired TowerGroup and World Tariff, Ltd., to create FedEx Trade Networks. In 2002, TowerGroup was rebranded as FedEx Trade Networks Transport & Brokerage, Inc. In 2008, the company kicked off an aggressive expansion, opening offices around the globe. The new market reach gave FedEx Trade Networks access to nearly all of the world’s – plus...GDP by providing international air and ocean freight forwarding, customs brokerage, distribution and warehousing, and other value-added services.
A second subsidiary, FedEx Trade Networks Trade Services, Inc., was also formed in 2002. This division incorporated the duty and tax data services of WorldTariff with Trade & Customs Advisory Services, which is designed to streamline, automate, and simplify the international shipping process, as well as provide comprehensive trade information. FedEx Trade Networks was the first company to provide a duty and tax application on its website.
In 2014, FedEx acquired Bongo International, a leader in cross border enablement technologies and solutions that help retailers and e-tailers reach international e-commerce consumers. Rebranded as FedEx Cross Border, its capabilities include duty and tax calculations, export compliance management, HS classification, currency conversions, shopping cart management, and protection against credit card fraud.
In 2018, FedEx announced the realignment of its specialty logistics and e-commerce solutions in a new structure under FedEx Trade Networks, creating an organization focused on serving the unique needs of this important growth driver. Renamed FedEx Logistics in 2019, the company provides a full suite of supply chain solutions, specialty transportation, cross border e-commerce technology services, customs brokerage, and trade management tools and data. – moins