FedEx to buy Brazil’s Rapidão Cometa

South America

Tuesday, May 29, 2012

To expand its domestic ground network and overall business in Latin America, FedEx Corp. has announced an agreement to acquire the Brazilian transportation and logistics company Rapidão Cometa Logística e Transportes S.A. The move will help FedEx improve its international express and Brazilian shipping offerings. FedEx Express customers will, when the deal is finalized, gain access Rapidão Cometa’s nationwide domestic transportation and logistics network. Fe...

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