FedEx unveils strategic acquisition deal in Southern Africa

default_image

© Khunaspix Dreamstime.

By LoadstarEditorial

20/06/2013

MEMPHIS, Tenn., June 20, 2013 – FedEx Corp. (NYSE: FDX) announced today that it has completed the first stage of a strategic acquisition by signing agreements to acquire the businesses operated by its current service provider Supaswift (Pty) Ltd. in five countries in Southern Africa, including South Africa, Malawi, Mozambique, Swaziland and Zambia, and is also in discussions to acquire Supaswift’s businesses in Botswana and Namibia. These acquisitions will operate under the FedEx Express business unit and the transaction is ...

Comment on this article

You must be logged in to post a comment.

Topics

Most read news

Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'

Keep our news independent, by supporting The Loadstar

Container spot rates diverge: to Europe still falling, but firmer to the US

Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded

Ecommerce likely the front-runner in resurge of transpacific trade after deal

Volume surge and an early peak season? 'Don't celebrate too soon,' warning

China-US trade tariff pause could drive a rebound for transpacific rates

Airfreight players eye new routes as demand on the transpacific nosedives

Service chaos from trade ban with India a problem for Pakistan shippers

Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high

Indian coastal freight attracts major carriers, but regional tension disrupts

Serious threat to jobs in US logistics as tariffs cause economic 'stagflation'

Carriers impose 'emergency operation' surcharges on Pakistan cargo

White House u-turns see freighters flying but keep logistics players on their toes

APMM floats along on 'solid' Q1 profitability in Ocean, well prepared for choppy water

15% rebate for box ships as Suez Canal Authority woos carriers