FedEx expands its operation in Colombia

FedEx announced the acquisition of two companies in Colombia. With this new expansion, FedEx will fly from Miami to Bogota and will compete with cargo airlines such as Avianca, DHL, LATAM, UPS, Atlas and SkyLease.

From “MEMPHIS, Tennessee, Aug. 29, 2019 — FedEx Corp. announced today that it has agreed to acquire Cargex S.A., an international freight forwarding company with over 25 years of experience with a focus in export management of perishable goods, and Agencias de Aduanas Aduanamos S.A. Nivel 2, an affiliate of Cargex specializing in customs brokerage services. This addition strengthens the FedEx air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin American region. The acquisition is expected to close later this year and is subject to customary closing conditions, as well as a Colombian regulatory filing.”

Additional information can be found here: FedEx News