SAN JUAN, Puerto Rico, April 30, 2009 – Operations at Caribbean Transportation Services (CTS) will soon be integrated into its parent company, FedEx Express, the world’s largest express transportation and global logistics solutions provider.
The change will take effect on June 1st but there has been no word on how many jobs will be affected by the move.
FedEx explained that the purpose of the integration is to leverage synergies and gain cost efficiencies, while providing CTS customers with enhanced service for their shipments between Puerto Rico, the United States and select Caribbean islands.
“FedEx has long been a significant service provider in the Puerto Rico market, with unmatched services meeting the shipping needs of Puerto Rican and Caribbean customers. With this integration, we strengthen that commitment and raise the bar for the industry,” said Juan N Cento, President of FedEx Express Latin America and Caribbean.
While it will be well over a month before the integration takes effect, a number of changes will be made in the meantime.
Effective May 15th, three FedEx Express aircraft will replace the current CTS air transportation arrangement and will be dedicated to accommodate all current CTS shipments.
The FedEx Express Latin American and Caribbean division services more than 50 countries and territories throughout Latin America and the Caribbean and employs more than 3,400 people.