FedEx realigns specialty logistics, e-commerce solutions

The Memphis, Tenn.-based parcel giant is realigning its specialty logistics and e-commerce solutions into a new structure under FedEx Trade Networks, Inc., effective March 1.    FedEx Corp. has announced the realignment of its specialty logistics and e-commerce solutions in a new structure under FedEx Trade Networks (FTN), beginning March 1.
   “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,” FedEx President and CEO David Bronczek said. “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 entail four major sectors, including FedEx Custom Critical, FedEx Cross Border, FedEx Supply Chain, and FedEx Trade Networks Transport & Brokerage. In addition, a new company called FedEx Forward Depots will have responsibility for critical inventory and service parts logistics, 3-D printing, the 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,” FedEx Trade Networks CEO Richard Smith said. “I am delighted to lead this organization of talented FedEx team members in delivering to customers the power of the broad FedEx global portfolio.”