FedEx launches discount shipping programme for Korea AEO Association members

Sep 9, 2019: FedEx Express has launched a discount shipping programme with Korea Authorized Economic Operator (AEO) Association, in order to support the association’s members who mainly consist of small and medium sized enterprises (SMEs).

Korea AEO Association is a nonprofit organisation that strives to enhance global competitiveness for Korean companies through AEO Preliminary Audit, Training, SME supports, Research and Promotion.

SMEs who ship using a FedEx Express Korea account will now be able to take advantage of discounted international shipping rates, informed the Memphis-based company.

Additionally, in order to facilitate the shipping needs of Korea AEO Association members, FedEx will share its logistics expertise and knowledge through customs clearance and regulations seminars.

“FedEx recognises the critical role of SMEs for the Korean economy as they account for over 50 percent of Korea’s total manufacturing output,” said Eun-Mi Chae, managing director of FedEx Express Korea.

“We continue to support SMEs with discount and trade mentoring programs through relationships with local organisations like the Korea AEO Association.”

Cargex acquisition to generate growth opportunities in Latin America: FedEx

Last month, FedEx Corporation confirmed that it will acquire freight forwarding firm Cargex SA. In addition, it will add Agencias de Aduanas Aduanamos SA Nivel 2, an affiliate of Cargex specialising in customs brokerage services, to its acquisitions.

This addition, according to FedEx, will strengthen its air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin American region.