FedEx doubles down on LatAm forwarding market with Cargex acquisition

Yesterday, Memphis-based FedEx announced it reached an agreement to acquire Columbia-based freight forwarder Cargex and its customs brokerage affiliate, Agencias de Aduanas Aduanamos S.A. Nivel 2. Subject to customary regulatory approval, the deal is expected to close by yearend.  The acquisition complements recent FedEx Express projects in Latin America and is intended to strengthen FedEx’s freight forwarding and customs brokerage capabilities in Columbia and broader Latin America. Last month, FedEx launched direct 767 freighter flights to Bogota (BOG) and Medellin (JMC) from Miami (MIA) in part, to capture perishables […]

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Chelsea Toczauer

Chelsea Toczauer is the Associate Editor of the company’s daily news and monthly magazine Air Cargo World. She holds two BAs in International Relations and Asian Languages and Cultures from the University of Southern California, as well as a double accredited US-Chinese MA in International Studies from the Johns Hopkins University-Nanjing University joint degree program. Chelsea speaks Mandarin and Russian.