FedEx to Buy Colombian Customs Brokerage
FedEx agreed to acquire Cargex S.A., a Colombian freight forwarder that specializes in customs brokerage services, FedEx said in a news release. "This addition strengthens the FedEx air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
American region," FedEx said. "The acquisition is expected to close later this year and is subject to customary closing conditions, as well as a Colombian regulatory filing." After the purchase is completed, Cargex will be a subsidiary of FedEx Logistics, FedEx said. Terms of the deal weren't released.