News / Can forwarders trust FedEx in Latin America, as it buys a perishables specialist?

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FedEx has raised eyebrows with its announcement that had signed an agreement to take over a Latin American forwarder.

Acquiring a player in Colombia’s perishables market seems a strange step in the wake of the integrator’s decision to wave good-bye to hundreds of millions of dollars as it walked away from Amazon’s business – the Latin American market has hardly been an El Dorado this year. 

On August 29, FedEx announced it would acquire Bogota-based Cargex, a perishables transport specialist with a track ...