FedEx Expands in Latin America

June 5, 2012

FedEx Corporation

Memphis, TN: FedEx says it will expand in Latin America with its purchase of a Brazilian transportation and logistics company.

FedEx is buying Rapido Cometa Logstica e Transportes SA, one of the largest logistics companies in Brazil. Rapido has been its authorized representative in Brazil for 11 years.

With Rapido, FedEx (FDX) is getting about 770 vehicles and trailers, approximately 9,000 workers in Brazil and 45 branches.

Terms of the deal were not released. FedEx competitor UPS is bulking up with a $6.8 billion purchase of Dutch rival TNT Express. FedEx has not had a blockbuster deal like that. Instead, it has bought three smaller companies this year.

Baltimore Bridge Christine Adobe Stock 769092028

How Baltimore Bridge Collapse Continues to Impact Shipments

Baltimore is running out of freight to pick up due to the lack of inbound shipments, so the containers at port have been sitting for a while.

Women In Supply Chain Vertical Color

Nominations Close June 7 for 2024 Women in Supply Chain Award

This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!

Adobe Stock 207220202

SCN Summit: State of the Supply Chain

June 4, 2024

Register now to hear from experts about the State of Today’s Supply Chains through topics revolve around Warehouse Automation, Generative AI, Automation, Electrification, Company Culture and more.

Scharfsinn86 Adobe Stock 420080513

Transition to BEV for Long-Haul Trucking to Cost $1T: ATRI Research

While both renewable diesel and battery electric vehicle pathways have implementation costs, a new report from ATRI concludes that relying on BEV to decrease CO2 emissions is nearly six times more expensive than RD.

Mtrlin Adobe Stock 644687747

How ID Verification Can Combat Cargo Theft

By implementing advanced ID verification processes, businesses can ascertain and authenticate the identities of drivers and personnel involved at every stage of logistics operations.

Synop Ev Charging

Fleet Driver Mobile App to Streamline Charging Access

Synop launched its new Fleet Driver Mobile App, which will provide managed access charging functionality to electric vehicle (EV) fleets to further streamline EV charge management and revolutionize depot charging.

Olaf Simon Adobe Stock 350588461

Diesel Prices Put Shippers Conditions in Negative Territory

FTR’s January Shippers Conditions Index (SCI) fell into negative territory in February for the first time since September 2023.

Freshidea Adobe Stock 142658862

Geopolitical Volatility Prompts Elevated Container Leasing Rates

A year-to-date (YTD) analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the beginning of 2024, indicating an uptick in demand for container leasing services,

Baltimore Bridge Christine Adobe Stock 769092028

How Baltimore Bridge Collapse Continues to Impact Shipments

Baltimore is running out of freight to pick up due to the lack of inbound shipments, so the containers at port have been sitting for a while.

Eroad Microsoft Azure

EROAD Incorporates Microsoft Azure OpenAI Service to Accelerate Product Development

EROAD Limited announced plans to develop new products and features using Microsoft’s generative AI to deliver innovative user experiences.

Siwakorn1933 Adobe Stock 318438956

Steps to Mitigate Risk in Cargo Theft

Trust and cross-industry cooperation, in addition to utilizing prevention methods informed by data, will best position organizations to efficiently maintain risk mitigation against rising threats such as theft.

Plus Vision Ai Perception Software By Plus

AI Perception Software for Next-Generation Vehicles

Plus launched PlusVision, artificial intelligence (AI) perception software designed to be used in advanced safety systems, ADAS applications, and higher levels of autonomy.

I Qoncept Stock adobe com

AxleHire Rebrands as Jitsu

AxleHire rebranded to Jitsu, signaling the determination to help brands improve the doorstep delivery experience, build customer loyalty, and drive greater customer lifetime value.

Penske Catalyst Ai

Penske’s AI Platform to Deliver Real-Time Insight into Fleet Performance

Penske Truck Leasing unveiled Catalyst AI, an artificial intelligence (AI) platform that delivers real-time insight into fleet performance.

Women In Supply Chain Vertical Color

Nominations Close June 7 for 2024 Women in Supply Chain Award

This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!

Gorodenkoff Adobe Stock 465501008

Lineage Logistics Rebrands to Lineage

Lineage Logistics officially rebranded, changing its name from Lineage Logistics to Lineage.

Pexels Students At Table

Leveraging Diverse Generational Skills for AI-Driven Logistics Success

The next five years represent a unique moment of generational equilibrium when all these qualities will co-exist in the logistics workforce. This is a golden opportunity that the industry should seize.

Doubletree Studio Adobe Stock 225586230

Refrigerated Truckload Rates Fell in March

Spot truckload rates continued to slide in March as demand for trucking services moved toward typical seasonal levels, reported DAT Freight & Analytics.

Stock Supply Chain Photo

Global Trade Activity Indicates Rebound in Demand for Manufactured Goods

New data from Tradeshift's Q1 Index of Global Trade Health paints an encouraging picture for global trade, with robust growth observed in China and the United States, alongside indications of a rebound in global demand for manufactured goods.

Wireless Links Reefer Sensor

IoT Technology for Reefer Trailer Temperature Monitoring

The LoRa ATL-1 wireless temperature monitoring system from Wireless Links allows for a simple plug-and-play setup that is easily scalable for cold rooms and refrigerated trailers.

Grispb Adobe Stock 325399959

AI-Powered Planning Tool for Shipping Liners

Bearing AI launched an AI-powered Deployment Planner to help liners better balance the complexities of environmental compliance with increasing demand for quicker transportation of goods and the need to meet profitability goals.

Kalyakan Stock adobe com

Escalating Middle East Tensions Trigger Surge in Freight Rates

As the situation unfolds in the Middle East, stakeholders are closely monitoring developments and preparing for potential impacts on global trade and shipping markets.

Annika Adobe Stock 589591429

Digitalization Efforts to Help Shippers Navigate Complex Supply Chain Landscape

Digitalization will remain a linchpin of success, enabling all industry stakeholders to navigate the challenges and seize the opportunities that lie ahead in this dynamic world of global trade.

Quality Stock Arts Adobe Stock 507033815

Safeguarding Platform to Help Combat Fraud in Transportation and Logistics

Descartes Systems Group developed Descartes MacroPoint FraudGuard to help freight brokers, 3PLs and shippers identify and prevent fraudulent activities related to carrier information, load tracking, and shipment status.

Intangles Travel Shop Health Issues

InRoute Connect to Improve Turnaround Times for Commercial Vehicles in Need of Maintenance

Intangles announced InRoute Connect, a product designed to significantly improve the turnaround time of commercial vehicles in need of maintenance while on the road.

Generative Art Adobe Stock 609457865

Carrier Sourcing to Revolutionize Freight Brokerage Operations

Trucker Tools launched Carrier Sourcing, which empower freight brokers to source and vet new carriers with unparalleled confidence.

Olaf Simon Adobe Stock 350588461

Fuel Costs Could Remain Drag on Trucking Conditions

FTR’s Trucking Conditions Index (TCI) for February fell to -5.31 from January’s reading of -1.41. A sharp increase in diesel prices was the principal factor in the deterioration in market conditions for carriers.