FedEx Logistics Expands Operations With New Office In Korea

FedEx Corp FDX subsidiary FedEx Logistics has opened an office in Seoul, South Korea, in the latest expansion of its worldwide network.
The new FedEx Logistics Korean organization will provide one-source, end-to-end logistics solutions, including international air and ocean cargo services, customs brokerage arrangements, trade solutions, and a range of value-added services.
"The new office in Korea complements our global operations, strengthening our position to better serve our customers around the world," said Patrick Moebel, President of FedEx Trade Networks.
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Price Action: FDX shares are trading lower by 0.66% at $225.01 during the premarket session on Tuesday.