FedEx Express to expand its logistics network and promote MSMEs

Last week, FedEx Express signed a collaboration agreement with the Secretariat of Economic Development of Mexico City (SEDECO). The aim of the agreement is to expand the transportation company's logistics network while promoting economic development and local trade by supporting micro, small, and medium-sized enterprises (MSMEs) in the region.

As per FedEx Express' strategy, the transportation and logistics company will offer preferential rates to MSMEs with discounts to guarantee access to its logistics network, which covers 220 countries and territories. By doing so, FedEx Express expects MSMEs to accelerate their expansion and reach new markets.

In the Mexico City industrial market alone, FedEx Corp, the parent company of FedEx Express and one of the world's largest transportation companies, occupies at least seven Class A and B industrial warehouses covering almost 97.5 thousand square meters, according to SiiLA Market Analytics.

The alliance between FedEx Express and Mexico City's government is a tool that can stimulate the different economic sectors that have the most significant impact on the population. FedEx Express indicated that this agreement aims to promote the insertion of MSMEs in a diversified market, with incentives to attract domestic and foreign investment through commercial incentives.

Jorge L. Torres, VicePresident of Operations for FedEx Express in Mexico, stated, "these types of alliances with the public sector are key for FedEx, which remains firm in its commitment to benefit our customers and support and encourage the entrepreneurial spirit characteristic of Mexicans. We are proud to continue contributing to the growth of MSMEs, favoring the economic reactivation of this important sector."

The FedEx Express operation in Mexico is the most significant among Latin American countries. It has six international air cargo terminals in Toluca, Tijuana, Monterrey, Guadalajara, Cancun, Queretaro, and Merida, in addition to 1.8 thousand sale points and a fleet of more than 1.8 thousand vehicles.

If you are interested in obtaining more information and insights about Mexico's commercial real estate market, please visit SiiLA or contact us at contacto@siila.com.mx.