FedEx Trade Networks has added Bangalore, Chennai, Delhi and Mumbai to its international direct priority ocean product, bringing the end-to-end ocean service to India.
FedEx has also opened freight forwarding stations in Bangalore, its fourth Indian office. Officials point to a 2012 growth in ocean freight of 12 percent in the country and the possibility of continued growth as a major reason for the expanded presence in India. FedEx said it’s the only company offering a product like this between the United States and India.
“India is an important market for us and we are pleased to expand our operations in the country. With the introduction of FedEx International Direct Priority Ocean to India, ocean shippers have access to a suite of customizable options, including final delivery choices from door-to-door and port-to-door,” FedEx’s Rajat Khosla said in a statement. “We recognize the opportunities within the market and want to be a leader in India’s ocean logistics growth story. The launch of the FedEx International Direct Priority Ocean service is a step towards our commitment to serve our customers better.”
In fiscal year 2013, FedEx’s international direct priority ocean piece showed a year-over-year improvement of 182.7 percent.