FedEx 777F. By Rob Finlayson FedEx has completed the purchase of Brazilian logistics company Rapidão Cometa (RC), another in a string of buys the Memphis-based express operator has made in recent months to buttress its global network. An acquisition price was not released; Recife-based RC generated more than $500 million in revenue last year. “Brazil is the sixth-largest economy in the world and its rapidly increasing middle class presents tremendous opportunity,” ...

Subscribe to Access this Entire Article

"FedEx acquires Brazilian logistics company" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.