DHL CONTINUES TO EXPAND FOREIGN TRADE ZONE FOOTPRINT BY OPENING LOCATION IN EL PASO, TEXAS, MEETING CUSTOMERS’ NEEDS DURING CHALLENGING TIMES
Press Release: El Paso, Texas – July 23, 2020
- FTZs reduce cost, streamline logistics processes, improve efficiency, mitigate trade fluctuation risks and increase inventory visibility for customers
- Latest addition showcases continued investment despite pandemic challenges seen across the industry
- With latest addition, DHL also expands footprint across key U.S. markets
- Three additional FTZs planned in San Francisco, Laredo and San Juan (PR)
DHL Global Forwarding, the Deutsche Post DHL Group’s air and ocean freight specialist, announced today that it is expanding its Foreign Trade Zone (FTZ) locations in the United States with the inauguration of its newest FTZ at the El Paso, Texas, airport. The latest addition joins seven other locations, including New York, Atlanta, Chicago, Dallas-Ft. Worth, Miami, San Diego and Los Angeles, making DHL an operator of one of the broadest networks of general purpose trade facilities in the United States.
“Now more than ever, our ultimate goal is to invest in and support our customers with comprehensive services, strategically located facilities and our broad FTZ footprint across the United States,” said David Goldberg, CEO, DHL Global Forwarding, U.S. “This newest location will further help customers minimize their duty exposure in an ever-changing customs landscape and support their future business growth objectives.”
FTZs are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside of the United States for customs purposes. FTZs are used for loading, unloading, handling, storing goods and for reshipping them by land, sea or air. Customers benefit with FTZs as they reduce, defer or mitigate the impact of tariffs and taxes.
“An FTZ is a vital resource for customers that want to compete in international trade,” said Marc Gephart, Director of U.S. Customs Product Development & FTZ for DHL Global Forwarding “Our continued investments in facilities, digital platforms and services will allow us to continue to help our customers navigate the changes and remain resilient and successful.”
The FTZ expansion is part of the company’s response to customer needs to build comprehensive end-to-end solutions in a number of industry sectors which include life sciences and healthcare, chemicals and energy, technology, consumer retail, engineering and manufacturing, public sector and automotive. The added FTZ presence throughout the country is also geared toward supporting customers in mitigating the effects of fluctuating trade scenarios facing companies with operations in the United States.
In addition to its eight foreign trade zones, DHL also administers several other customer-operated or user specific FTZs across the nation; all of which supported by experienced FTZ professionals. DHL will provide consulting for customers new to FTZ or seeking to determine if FTZ, or what combination of import strategies, is the ideal option for their business needs.