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FedEx acquires Cargex, subsidiary to strengthen Latin American presence

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Indian Transport & Logistics News
FedEx acquires Cargex, subsidiary to strengthen Latin American presence

The acquisition, expected to close by end of this year, will boost FedEx's air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin American region.

“The addition of Cargex offers future growth opportunities in the Latin American region, a key market for us.

This acquisition perfectly complements the roundtrip Colombia-to-Miami flight recently announced by FedEx Express.

We will connect customers throughout the Latin American market with even more possibilities by combining world-class FedEx transportation solutions with a comprehensive line of logistics service offerings.

We look forward to welcoming our new team members into the FedEx family and will utilise their expertise to make this integration a success,” said Udo Lange, chief operating officer and incoming president and CEO, FedEx Logistics.

Cargex has over 25 years of experience with a focus in export management of perishable goods.

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