Alliance Aims to Increase Ex-Im Bank Safeguard Services for FedEx Client Exporters
The U.S. Export-Import Bank and FedEx have joined forces in a new alliance that provides U.S. small- and medium-sized exporters greater access to the global market by increasing the availability of Export-Import Bank products and services, said a joint press…
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release. FedEx international representatives will now conduct client outreach and coordination in order to provide exporters Export-Import Bank services that “protect against the risk of nonpayment" and "extend credit to buyers, eliminating the need for expensive letters of credit or cash-in-advance payments,” said the release. “The first steps for a business as it expands to international markets can be daunting. We are helping clear the hurdles for small and medium size businesses to access the 95% of the world’s population outside of U.S. borders,” said Michael Ducker, Chief Operating Officer and President, International, FedEx Express in the release.