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TRUCKING INDUSTRY * USA
* Tennessee - FedEx to Buy Brazilian Transportation Company
(Photo: A Boeing 727–200 in Portland, Maine)
Memphis,TENN,USA -The Journal of Commerce, by Mark Szakonyi -May 29, 2012: ... FedEx plans to acquire a major Brazilian transportation and logistics company, as the parcel giant works to counters the increased UPS presence in the top South American economic engine... FedEx didn’t disclose the terms of the acquisition of Rapidao Cometa Logistica e Transportes, a roughly 9,000-employee company with 45 operation branches, and about 770 vehicles and trailers. UPS is expanding its presence in Brazil through its $6.8 billion acquisition of TNT Express, Europe’s second-largest package delivery company...
Labels: trucking industry news USA
posted by Unknown @ 9:28 AM
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