FedEx to buy shipping business in India

Discussion in 'The Latest FedEx Headlines' started by cheryl, Nov 4, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    FedEx to buy shipping business in India - Business First

    FedEx Corp. announced Wednesday that its FedEx Express unit will acquire the logistics, distribution and express businesses of India-based AFL Pvt. Ltd. and its affiliate, Unifreight India Pvt. Ltd.

    The acquisition will give FedEx a more robust domestic ground network and added capabilities in India, according to a news release. FedEx expects the transaction to close in its third fiscal quarter, which ends in February. Terms of the deal were not disclosed.

    The FedEx news release said AFL Pvt. Ltd., founded in 1945, has been a leader in the transportation and logistics industry in India. A privately held company, the AFL business offerings include a comprehensive range of distribution and logistics services through a well-established network across India.
  2. MrFedEx

    MrFedEx Engorged Member

    Is this the same FedEx that doesn't have any money to pay it's U.S employees a decent wage? Why is.
  3. Mr. 7

    Mr. 7 The monkey on the left.

    The same company that has plenty of money to buy a bunch of new air planes at billions of dollars.