FedEx buys Australian forwarder Manton Air-Sea

FedEx has acquired Sydney-based forwarder Manton Air Sea  to operate as a subsidiary of the FedEx Trade Networks operating company.
Richard Smith, president and chief executive, FedEx Trade Networks, said: “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.
“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.”
Manton, with operations across Australia, offers air and ocean freight forwarding services as well as customs brokerage and has a specific expertise in the healthcare and automotive markets. The acquisition is expected to close later this year and is subject to customary closing conditions.
Read more Express news

Read more freight forwarder news

Share this story

Related Topics

Latest acquisitions news

DSV targets e-commerce with Prime deal while air cargo improves in Q3

By Damian Brett

DSV Panalpina has acquired e-commerce specialist forwarder Prime Cargo, while it has also announced continued growth in its airfreight business…

Read More

Share this story

AerSale swoops on 24 B757s as it eyes cargo conversions

By Damian Brett

Lessor and MRO firm AerSale has entered into a purchase agreement to acquire 24 Boeing 757-200 passenger aircraft that it…

Read More

Share this story

YTO confirms Alibaba share purchase

By Damian Brett

Chinese e-commerce giant Alibaba Group Holding has upped its stake in delivery firm YTO Express. YTO yesterday confirmed that Alibaba…

Read More

Share this story