FedEx strengthens position in Brazil with acquisition of Rapidão Cometa

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By Gavin van Marle

05/07/2012

FedEx announced today that its FedEx Express business unit has completed the acquisition of Rapidão Cometa, one of the largest transportation and logistics companies in Brazil with revenues of more than $500 million in 2011. This acquisition is the latest step in the company’s strategy for profitable growth in the Latin American and Caribbean (LAC) region.

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