FedEx completes purchase of Brazil transport co.

FedEx completes purchase of Brazil transport co.

NEW YORK — Package delivery company FedEx Corp. said Wednesday that it completed the purchase of Brazilian transport and logistics company Rapidao Cometa as part of its plan to expand in Latin America and the Caribbean region. Financial terms were undisclosed. FedEx,...
TNT Deal Opens UPS To Sanctions Risks

TNT Deal Opens UPS To Sanctions Risks

Published by Wall Street Journal United Parcel Service Inc. could be opening itself up to new risks as it moves forward with its acquisition of Netherlands-based TNT Express NV, an express-mail company with a global reach that includes Iran, Cuba and Syria. In order...