FedEx Corp. announced that its FedEx Express business unit has completed the acquisition of the logistics, distribution and express businesses of AFL Pvt. Ltd. (AFL) and its affiliate, Unifreight India Pvt. Ltd. (UFL). FedEx Express says the acquisition further enhances its international and India business offerings and continues a long-term commitment by FedEx to the growing Indian market.
“The addition of the AFL and UFL businesses to the FedEx Express network will provide customers with more comprehensive international and India domestic service options, such as air express, domestic ground and value added-services, including warehousing, logistics solutions and 3PL,” says Michael Ducker, FedEx Express chief operating officer. “With India being among the four biggest economies globally and predicted to be among the top three economies by 2020, it is a key market for investment. The growth of the Indian market is considerable and offers tremendous opportunity for all our customers wishing to explore new markets and open up additional revenue streams for their business.”
With this transaction, FedEx Express says it now will provide all international services for AFL and UFL customers, who will have direct access to the FedEx international air and ground network in more than 220 countries and territories worldwide, enhancing their business flexibility and speed to market. The acquisition includes:
• AFL Logistics and Distribution, which consists of a wide range of products and services, including supply chain management, warehousing and a ground distribution network that provides day-definite ground transportation for small packages and heavyweight shipments through more than 200 daily scheduled routes; and
• AFL WiZ Express, which offers domestic express transportation services through more than 150 Express Service Centers, servicing more than 5,000 zip codes across 144 cities with more than 1,000 couriers in India.