ADVFN - Advanced Financial Network.
HOME» NYSE » F » FDX Stock Price » FDX Stock News

Fedex Share News

 Fedex Corp Stock Price
FDX Stock Price
 Fedex Corp Stock Chart
FDX Stock Chart
 Fedex Corp Stock News
FDX Stock News
 Fedex Corp Company Information
FDX Company Information
 Fedex Corp Stock Trades
FDX Stock Trades

CORRECT: FedEx To Buy Brazilian Transport Co. Rapidao Cometa

("FedEx To Buy Brazilian Transport Co. Rapidao Cometa," at 8:32 a.m. EDT, misstated the name of the Polish shipping company acquired by FedEx in the third paragraph. The correct version follows:) DOW JONES NEWSWIRES FedEx Corp. (FDX) has agreed to buy Brazilian logistics and transport company Rapidao Cometa Logistica e Transportes S.A. as it furthers its expansion into Latin America. The terms of the deal, expected to close in the third quarter, weren't disclosed. Shipping giant FedEx has been acquisitive lately in its bid to expand internationally, recently acquiring French express-transportation company Tat Express and Polish shipping company Opek Sp.z o.o. in its bid to expand in Europe. The company said the acquisition of Rapidao Cometa, one of the largest logistics providers in Brazil, is in line with the company's long-term strategy of expansion in Latin America. Rapidao Cometa has been an authorized representative of FedEx for 11 years. "Brazil is a market with tremendous growth potential--both in the overall economy, as well as in the logistics sector," said Juan N. Cento, president of FedEx Express in Latin America and the Caribbean. "FedEx will now be able to provide a more comprehensive portfolio of services in Brazil, including international air express, domestic ground and value-added services such as supply chain and logistics solutions," he said. After the deal closes, FedEx Express will offer all international services to Rapidao Cometa customers, while FedEx customers will have access to domestic package and freight services, logistics and distribution services. The acquisition includes 45 operational branches and around 145 distribution points, roughly 770 vehicles and trailers, and 9,000 employees across Brazil, for an expected total of 9,500 FedEx employees in Brazil. The integration will be achieved in phases over a period of 18 to 24 months. FedEx reported in March that its fiscal third-quarter earnings more than doubled from a year earlier, even as it noted that the U.S. and global economies had slowed. FedEx shares closed at $89.28 on Friday and were inactive premarket. Trading was closed Monday for the Memorial Day holiday. The stock is up 6.9% so far this year. -By Kristin Jones; Dow Jones Newswires; 212-416-2208; kristin.jones@dowjones.com

Stock News for Fedex (FDX)
DateTimeHeadline
03/26/201515:21:11FedEx Uses 'Common Carrier' Defense Against DOJ Drug Shipping...
03/25/201511:42:15Will This Century-Old Theory Really Send Stocks Into a Correction?
03/24/201508:00:00FedEx Office Recognized for Providing Superior Commercial Print...
03/24/201504:42:15ModernGraham Quarterly Valuation Of FedEx Corporation
03/21/201509:49:37FedEx - Caution As There Are Few Triggers Ahead
03/20/201512:31:03Drone Developers Seek to Soar Over Delivery Hurdles
03/20/201506:30:26Wall Street Breakfast: White House To Unveil Fracking Rules
03/20/201501:59:59FedEx pays $1.4B for GENCO; $42M for Bongo
03/19/201517:39:11FedEx Pays $1.4 Billion for GENCO
03/19/201515:48:05Quarterly Report (10-q)
03/18/201517:17:39MARKET SNAPSHOT: U.S. Stocks Rally As Fed Telegraphs Cautious...
03/18/201515:05:44MARKET SNAPSHOT: U.S. Stocks Swing To Gains As Slower Rate Hike...
03/18/201513:35:09FedEx Profits Surge; Outlook, Revenue Disappoint--3rd Update
03/18/201513:31:26MARKET SNAPSHOT: U.S. Stock Slump Intensifies As Market Awaits...
03/18/201512:42:23MARKET SNAPSHOT: U.S. Stock Slump Intensifies As Market Awaits...
03/18/201511:32:26MARKET SNAPSHOT: U.S. Stocks Slump As Market Awaits Fed Policy...
03/18/201510:14:04MARKET SNAPSHOT: U.S. Stocks Slump As Market Awaits FOMC Statement
03/18/201509:17:08MARKET SNAPSHOT: U.S. Stock Futures Down As Fed Jitters Intensify
03/18/201508:51:36FedEx Profits Surge; Outlook, Revenue Disappoint--2nd Update
03/18/201508:45:26MARKET SNAPSHOT: U.S. Stock Futures Down As Fed Jitters Intensify

Fedex and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad