FedEx Express to acquire AFL and Unifreight

FedEx expects that the transaction, which is subject to customary closing conditions, will close in the third quarter ending February 2011.

Founded in 1945, AFL provides transportation and logistics services through a well established network across India.

Specifically, this acquisition includes the purchase of:

• AFL Logistics & Distribution, which consists of a wide range of products and services, including supply chain management, warehousing, and a ground distribution network that provides day-definite ground transportation for small packages and heavyweight shipments through more than 200 daily scheduled routes.

• AFL WiZ Express, which offers express services through more than 160 Express Service Centres, servicing more than five thousand zip codes across 144 cities in India.

Quelle: eyefortransport
Portal:  www.logistik-express.com