FedEx completes acquisition of AFL and Unifreight
FedEx Express has completed the acquisition of the logistics, distribution and express businesses of AFL and its affiliate, Unifreight India. The acquisition further enhances FedEx Express international and India business offerings and continues a long-term commitment by FedEx to the growing Indian market. "The addition of the AFL and UFL businesses to the FedEx Express network will provide customers with more comprehensive international and India domestic service options, such as air express, domestic ground, and value added-services, including warehousing, logistics solutions and 3PL," said Michael Ducker, chief operating officer at FedEx Express. He added that with India being among the four biggest economies globally and predicted to be among the top three economies by 2020, it is a key market for investment. FedEx Express will now provide all international services for AFL and UFL customers, who will have direct access to the FedEx international air and ground network in more than 220 countries and territories worldwide. Quelle: eyefortransport |