FedEx strengthens position in Brazil with acquisition of Rapidão Cometa

default_image

© Khunaspix Dreamstime.

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.

Read more...

Topics

Most read news

Shippers breathe again as threat of Indian port strikes eases

Ocean carriers the 'outright financial winners' in a year of unpredictability

Relief for Asia-Europe carriers as rate hikes stick – now transpac GRIs loom

Air cargo industry 'firing on all cylinders', with ecommerce in the driving seat

Premier Alliance unveils main trades network ready for February launch

Removing de minimis no 'silver bullet' as ecommerce traffic floods into EU

New owner installs new management team at Seko Logistics

Evergreen may be eyeing a move from Tanjung Pelepas to Singapore

Regional carriers steam in to add more services to lucrative India-Red Sea trade

ILA VP Daggett rebuts claims US ports are 'inefficient', but hits out at low investment

Indian port strikes threat ends as labour agreement gets the green light

Five ways real-time freight intelligence drives ROI in tender negotiations – and beyond

Strong Q4 and booming ecommerce drives 'record peak season' for air cargo

Hapag-Lloyd culls China-Germany service amid tonnage supply concerns

As tariffs loom, air freight forwarders ponder the chances of a happy new year

MSC adds more ULCVs to orderbook that equates with world's sixth-largest carrier