FedEx Expanding Cross Border Enablement Solutions with Acquisition of Bongo International
Memphis, December 19, 2014 (STAT):-FedEx Corporation announced that it acquired Bongo International. Bongo International’s capabilities complement and expand the FedEx portfolio of offerings important to the rapidly growing global e-commerce marketplace.
Bongo International is headquartered in St. Petersburg, Fla. and will operate as a subsidiary of FedEx Trade Networks.
“We anticipate global e-commerce to continue on a double digit growth trajectory. Bongo International’s end-to-end cross border enablement capabilities will greatly enhance the FedEx portfolio of global e-commerce solutions and provide customers with unmatched flexibility to establish and expand their international business and customer base.” commented T. Michael Glenn, FedEx Corporation Executive Vice President, Market Development and Corporate Communications.
“Our knowledge and experience within the evolving cross border enablement environment, as well as our customer-centric culture, is a perfect fit with FedEx. We’re excited about joining the FedEx family. Our collective cross border and transportation solutions will catapult our customers’ global e-commerce business capabilities.” said Craig Turnbull, Bongo International Co-Founder and Chief Executive Officer.