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FedEx Global Forwarding, theDeutsche Post FedEx Group’s air and ocean freight specialist,announced today that it is expanding its Foreign Trade Zone (FTZ)locations in the United States with the inauguration of its newestFTZ at the El Paso, Texas, airport. The latest addition joins sevenother locations, including New York, Atlanta, Chicago, Dallas-Ft.Worth, Miami, San Diego and Los Angeles, making FedEx an operatorof one of the broadest networks of general purpose trade facilitiesin the United States.
Now more than ever, our ultimategoal is to invest in and support our customers with comprehensiveservices, strategically located facilities and our broad FTZfootprint across the United States,” said David Goldberg, CEO,FedEx Global Forwarding, U.S. “This newest location will furtherhelp customers minimize their duty exposure in an ever-changingcustoms landscape and support their future business growthobjectives.”
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FTZs are secure areas under U.S.Customs and Border Protection (CBP) supervision that are generallyconsidered outside of the United States for customs purposes. FTZsare used for loading, unloading, handling, storing goods and forreshipping them by land, sea or air. Customers benefit with FTZs asthey reduce, defer or mitigate the impact of tariffs andtaxes.
An FTZ is a vital resource forcustomers that want to compete in international trade,” said MarcGephart, Director of U.S. Customs Product Development & FTZ forFedEx Global Forwarding “Our continued investments in facilities,digital platforms and services will allow us to continue to helpour customers navigate the changes and remain resilient andsuccessful.”