FedEx Express will begin offering international direct service to Colombia. The expansion should create more than 200 new jobs in Colombia over the next two years.
FedEx Express, a subsidiary of Memphis-based FedEx Corp., has served Colombia through a service provider since 1993. The direct service means FedEx will bring more access points to Latin American’s fourth largest economy and oversee the operation through its own employees.
FedEx’s Colombia strategy, part of its broader growth plans in Latin America, is similar to moves it made to add direct service to Costa Rica, Guatemala and Panama. The shipper uses third-party providers until demand grows to warrant direct service.
“Colombia has shown steady economic growth over the past five years, and we are eager to meet the demands of the business community by expanding our international operations there,” said Juan N. Cento, president of FedEx Express Latin American and Caribbean division, in a statement.
In 2010, the Colombian economy grew 4.3 percent, the strongest growth rate since 2007. The Colombian central bank expects the economy to expand by as much as 5.5 percent in 2011.
FedEx Express Latin America & Caribbean employs more than 4,000 people and services more than 50 countries and territories.