FedEx Trade Networks Completes ACE Migration
As One of the First Companies to Participate in the ACE Modernization Program, FedEx Trade Networks has Enabled Summary Filing at all U.S. Ports of Entry and Piloted Simplified Entry for its Customers
MEMPHIS, Tenn.--(BUSINESS WIRE)-- FedEx Trade Networks, the freight forwarding and customs brokerage arm of global shipping giant FedEx Corp. (NYSE: FDX), announced today it has completed its mission to enable ACE (Automated Commercial Environment) entry summary filing at all U.S. ports of entry.
The year-long migration effort began at U.S. border crossings and then expanded to commercial air and sea ports before concluding with ACE implementation at all FedEx Express international hubs.
ACE is U.S. Customs and Border Protections (CBP) new automation system which replaces the aging Automated Commercial System (ACS). By getting on board early, FedEx Trade Networks has developed its expertise and improved its system capabilities for the new regulatory environment.
Technology plays a huge role in our business and any opportunity to work with CBP to pioneer innovation in our industry is always a win, said Andy Henry, vice president of U.S. Operations for FedEx Trade Networks.
In accomplishing its mission, FedEx Trade Networks is filing ACE entries well ahead of any CBP mandated cutover date. For this reason, the company expects no service disruptions when the cutover becomes mandatory.
As an early ACE adopter, FedEx Trade Networks and its participating customers are taking advantage of the new features of ACE, including the use of electronic Post Summary Corrections (PSCs) to replace paper Post Entry Amendments (PEAs). In addition, FedEx Trade Networks and its eligible customers are participating in the ACE Simplified Entry and the Document Image System (DIS) pilot programs.
The new features make the clearance process faster with their reliance on electronic provision and expanded analysis of shipment information. Customers benefit from the improved visibility and expanded functionality of the new ACE systems which allows them to make better, real-time decisions regarding their shipments, Henry added. As the largest-volume customs entry filer in the U.S., FedEx Trade Networks is pleased to lead the way in this new regulatory environment and make processes simpler for our customers.
About FedEx Trade Networks
FedEx Trade Networks and its predecessor companies have more than 100 years of experience in international trade. The company's advanced technology and network of worldwide locations and alliances enables it to provide comprehensive ocean and international air freight forwarding, customs brokerage, Global Order Logistics, distribution and surface transportation, trade advisory services, and advanced e-commerce and trade facilitation solutions. FedEx Trade Networks has the resources and support to help customers of all sizes navigate the intricacies of shipping goods globally. For more information, visit ftn.fedex.com.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx (FDX) inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com.
FedEx Trade Networks
Trisha Beeman, 253-797-3199
Source: FedEx Corp.Copyright Business Wire 2012