FedEx Expanding Freight Forwarding Capabilities with Acquisition of Manton
FedEx Corp. (NYSE:FDX) announced today that it has agreed to acquire Manton Air-Sea Pty Ltd, a leading provider of logistics services, including freight forwarding and customs brokerage solutions. Manton’s capabilities complement and expand the FedEx portfolio of offerings essential to the rapidly growing global commerce landscape. The acquisition is expected to close later this year and is subject to customary closing conditions.
With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers. With specific expertise in the healthcare and automotive markets, Manton is a proven leader in air and ocean freight forwarding solutions, as well as customs brokerage.
Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company.
“Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to expand in Australia, a country with a strong GDP and a significant market in the Asia Pacific region,” said Richard W. Smith, president and CEO, FedEx Trade Networks. “We look forward to potential business opportunities through the collaboration between Manton and FedEx Trade Networks with the FedEx Express and TNT presence in Asia Pacific and Australia. We are delighted to add the Manton team members to the FedEx family of companies and combine the talents of both teams to contribute to our continued success.”
“We have long admired the FedEx Trade Networks team, recognizing their growth and expansion over the past several years,” said Michael Rolls, managing director, Manton. “We look forward to joining FedEx and working together to expand in Australia and other markets.”
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $67 billion, the company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 425,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com .
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her, og modtag pressemeddelelser på e-mail. Indtast din e-mail, klik på abonner, og følg instruktionerne i den udsendte e-mail.
Flere pressemeddelelser fra Business Wire
CA-ANDERSEN-TAX26.3.2019 19:45:06 CET | Pressemeddelelse
Andersen Global træder ind i Qatar
HUAWEI26.3.2019 17:06:04 CET | Pressemeddelelse
Huawei Rewrites the Rules of Photography with Groundbreaking HUAWEI P30 Series
TAKEDA26.3.2019 16:03:09 CET | Pressemeddelelse
Takeda Presents New Data at the Endocrine Society’s 2019 Annual Meeting about the Patient Burden and Long-Term Impact of Chronic Hypoparathyroidism
CA-VEEVA-SYSTEMS-INC.26.3.2019 16:00:08 CET | Pressemeddelelse
LEO Pharma Standardizes on Veeva Development Cloud to Speed Drug Development
KEIO-PLAZA-HOTEL-TOKYO26.3.2019 15:07:09 CET | Pressemeddelelse
Keio Plaza Hotel Tokyo Hosts Japanese Sword Culture, Armor Exhibition – “Japan’s Soul and Beauty of Swords and Armor by Legendary Artisans”
VIVIOR-AG26.3.2019 14:20:13 CET | Pressemeddelelse
Vivior’s System Cleared for CE Mark – Market Introduction This Year in Europe
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter samt finde vores kontaktoplysninger.Besøg vores nyhedsrum