FedEx Expands SenseAware - Analyst Blog
13 Februar 2014 - 11:50PM
Zacks
Leading freight forwarding company, FedEx
Corp. (FDX) announced the expansion of its
SenseAware service in Europe. The service provides real time
visibility into sensitive and high-value shipments.
The service will be available in 14 additional European
countries namely, including Belgium, Czech Republic, Denmark,
Finland, France, Germany, Ireland, Italy, Netherlands, Norway,
Poland, Spain, Sweden and Switzerland. Further, the company has
also expanded its SenseAware service availability in Canada, where
it already enjoys an existing market. We believe that the expansion
of SenseAware will enhance FedEx’s global reach and be accretive to
drive revenues generation over the long term.
Apart from the new expansion, FedEx also aims to spread its
services across the U.S., Canada and Mexico by capitalizing on
business opportunities in NAFTA (North American Free Trade
agreement) markets.
Through its Trade Networks division, FedEx remains successful in
establishing relationships and extending capabilities to 19
countries across Latin America. Further, in Oct 2013, the company
testified before the U.S. Senate on the Transatlantic Trade and
Investment Partnership (TTIP).
The company expects TTIP to help integrate the world’s largest
trade and investment network, between the U.S. and the EU, more
seamlessly with compatible regulatory approaches. These initiatives
enable the company to strengthen its international business and
provide opportunities to offset a soft demand trend in its domestic
market.
FedEx, which operates with other carriers like United
Parcel Service, Inc. (UPS), Radiant Logistics,
Inc. (RLGT) and Expeditors International of
Washington Inc. (EXPD) foresees modest growth in the
global economy, driven by gradual improvements in Europe and China.
This momentum is expected to support its growth plans in expanding
organically as well as through various acquisitions.
FedEx currently has a Zacks Rank #3 (Hold).
EXPEDITORS INTL (EXPD): Free Stock Analysis Report
FEDEX CORP (FDX): Free Stock Analysis Report
RADIANT LOGIST (RLGT): Free Stock Analysis Report
UTD PARCEL SRVC (UPS): Free Stock Analysis Report
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