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FedEx Express is Certified Under
Customs-Trade Partnership Against Terrorism - C-TPAT
- Program
FedEx Trade Networks Offers Consulting Expertise to
Customers Applying for C-TPAT Certification
Business Editors
MEMPHIS, Tenn.--(BUSINESS WIRE)--Nov. 7, 2002--
FedEx Express(R)(NYSE:FDX) is
now a full participant in the U.S. Customs Trade Partnership
Against Terrorism (C-TPAT) program. This action will
help accelerate the pace of the Customs clearance process
for U.S. importers, brokers and freight forwarders.
"FedEx Express has always maintained highly effective
security procedures," said Michael L. Ducker, executive
vice president of International at FedEx Express. "The
C-TPAT certification further reinforces our commitment
to the safe and secure transport of our customers' shipments.
"In addition, customers who participate
in the C-TPAT program can enjoy the competitive advantage
of speedier customs clearance by choosing FedEx Express
as their carrier of choice for transport of critical,
time-definite shipments."
U.S. Customs launched C-TPAT
in April 2002 with the support of U.S. importers who
were concerned about the delays occurring at the U.S.
border because of the post 9-11 security concerns. The
jointly designed Customs-business initiative requires
that interested importers, brokers, or transportation
providers apply for participation by conducting a comprehensive
supply chain security self-assessment and subsequently
submitting a security profile questionnaire to U.S.
Customs. The ultimate goal of C-TPAT is to ensure that
proper security procedures are in place to protect the
flow of global trade.
U.S. importers that join the
C-TPAT program can expect to reap such benefits as expedited
Customs clearance, a reduced number of inspections and
an assigned point of contact within U.S. Customs.
Complete information about the C-TPAT
program and how to apply is available at the U.S. Customs
web site at http://www.customs.ustreas.gov/.
FedEx Trade
Networks, Inc., a subsidiary of FedEx Corporation,
is now offering its consulting expertise through its
Trade Services division to assist interested companies
through the Customs-Trade Partnership Against Terrorism
(C-TPAT) certification process. FedEx Trade Networks
is particularly well suited for advising applicants
on the C-TPAT process because it has unparalleled experience
in customs compliance, worldwide transportation, and
cargo security.
In addition, FedEx Trade Networks
Transport & Brokerage, Inc., a division of FedEx Trade
Networks and the largest filer of Customs entries in
North America, recently signed the required Memorandum
of Understanding and submitted applications to achieve
C-TPAT certification for its customs brokerage and international
freight forwarding operations.
"FedEx Trade Networks is at
the forefront of the C-TPAT certification process because
of its extensive experience in managing the Customs
clearance and brokerage process," said G. Edmond Clark,
President and CEO of FedEx Trade Networks. "Following
the tragic events of 9-11, U.S. Customs recognized that
a new process was necessary in order to ensure the integrity
of the global supply chain. FTN stands ready to help
all interested applicants quickly and cost-effectively
navigate the application process."
"FedEx Trade Networks has a long history of working
cooperatively with the U.S. Customs Service," said Gerald
P Leary, President of FedEx Trade Networks Transport
& Brokerage, Inc. "Once companies achieve C-TPAT status
they will realize such benefits as fewer Customs inspections,
faster cargo processing at the border, and a more secure
supply chain."
About FedEx
With annual revenues of $21 billion,
FedEx Corp. is the premier global provider of transportation,
e-commerce and supply chain management services. The company
offers integrated business solutions through a network
of subsidiaries operating independently, including: FedEx
Express, the world's largest express transportation company;
FedEx Ground, North America's second largest provider
of small-package ground delivery service; FedEx Freight,
the largest U.S. provider of regional less-than-truckload
freight services; FedEx Custom Critical, North America's
largest provider of expedited time-critical shipments;
and FedEx Trade Networks, a provider of customs clearance,
international freight forwarding and trade facilitation.
About FedEx Trade Networks,
Inc.
FedEx Trade Networks, Inc. helps customers of all
sizes solve the intricacies of shipping goods globally
by providing comprehensive customs brokerage, international
freight forwarding, transportation, consulting, and
advanced e-commerce and trade facilitation solutions.
--30--TLM/na*
CONTACT: FedEx Corp.
Sally Davenport, 901/434-7765
sddavenport@fedex.com
KEYWORD: TENNESSEE
INDUSTRY KEYWORD: AEROSPACE/DEFENSE AIRLINES TRANSPORTATION
SOURCE: FedEx Corp.
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