FedEx Trade Networks, the freight forwarding arm of FedEx, has established new operations in Dublin as part of its ongoing expansion initiative.
The Dublin office is the first in the Republic of Ireland and the 24th in Europe. It is located near Dublin Airport, Dublin Port and motorways.
“Dublin is an important transport hub for the medical device, pharmaceutical, technology, aerospace and industrial sectors and offers multiple import and export options,” said Christian Blain, vice president of FedEx Trade Network’s operations in Europe, the Middle East and Africa, in a written statement. “This new office will provide customers enhanced access to the whole of Europe and increase connectivity worldwide.”
Separately, FedEx Express, the express transportation division of FedEx, re-launched its express solutions in Libya through Takween for Airfreight Services, a licensed Federal Express Global Service Provider. Takween is responsible for offering a range of FedEx services to customers in Libya, including import, export and customs clearance.
“Libya has great growth potential as the economy stabilizes in the post-revolution era,” said David Ross, FedEx Express’s senior vice president of operations for the Middle East, Indian subcontinent and Africa. “Its growth is not only being spurred by the oil and gas sector, but also by other industries such as trade and construction.”
“As a big contributor to international trade, FedEx will significantly support Libya and its business community, enhancing flexibility and speed to market,” he concluded.
FedEx has also completed the first stage of an acquisition process by signing agreements to buy the businesses operated by its current service provider Supaswift in five countries in Southern Africa, including South Africa, Malawi, Mozambique, Swaziland and Zambia. FedEx is also in discussions to acquire Supaswift’s businesses in Botswana and Namibia.
These acquisitions will operate under the FedEx Express business unit, which specializes in air and ground express transportation. The integration of Supaswift’s businesses will commence once the transaction has been closed and is expected to be achieved gradually over a number of months. The transaction is subject to necessary regulatory approvals and customary closing conditions.
“The acquisition of Supaswift’s businesses, once closed, will provide customers with greater access to some of the world’s most rapidly growing economies,” said Frederick W. Smith, chairman, president and CEO of FedEx, in a written statement. “It is an important step in our international growth strategy and further strengthens our FedEx Express portfolio.”