FedEx Trade Networks Names New CEO

FedEx Corp. has promoted Fred Schardt to chief executive officer of its FedEx Trade Networks subsidiary, the company said Thursday.

Schardt has worked for more than 35 years in transportation and logistics, FedEx said in a statement. He replaces Ed Clark, who retired Wednesday.

Schardt began his career with FedEx Trade Networks, the international ocean and air freight forwarding subsidiary of FedEx Corp., in 2008 as executive vice president and chief operating officer.

FedEx Corp. is ranked No. 2 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.