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Share Name | Share Symbol | Market | Type |
---|---|---|---|
FedEx Corp | NYSE:FDX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.32 | 0.12% | 265.84 | 267.45 | 263.31 | 264.47 | 958,577 | 01:00:00 |
By Paul Page
FedEx Corp. named Udo Lange, a veteran of global logistics businesses, as executive vice president and chief operating officer of FedEx Trade Networks, the company's forwarding and customs brokerage arm.
Lange has worked at DHL Global Forwarding, Exel and Schenker over the past 30 years and was most recently a senior executive at LSG Sky Chefs, the airline food services division of Deutsche Lufthansa AG.
He joins a Fedex forwarding operation that is a subsidiary of the FedEx Express division. FedEx does not break out specific figures for FedEx Trade Networks but the business makes up a relatively small part of the express segment, and is counted within "other" operations in company reports that include FedEx Supply Chain Systems and that together totaled $1.5 billion in revenue in the 2015 fiscal year that ended May 31.
Lange has worked for Europe-based operators throughout his career, which began with Germany's Roland Berger Strategy Consultants in the 1990s. He later held senior positions with Germany-based forwarder Schenker in the U.S. and with Exel and DHL Global Forwarding in the U.S. and Germany.
Write to Paul Page at paul.page@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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