fedex-cargex

FedEx to acquire Colombia forwarder

FedEx is to acquire Colombia-based perishable forwarder Cargex together with its customs broking arm, Agencias de Aduanas Aduanamos subject to regulatory approval. Headquartered in Bogotá, Cargex also has operations in Medellin, Cartagena, Buenaventura, and Santa Marta, and will operate as a subsidiary of FedEx Logistics. The acquisition the introduction of FedEx flights between Colombia and Miami. [+]