FedEx Corp. (FDX) Wednesday said its FedEx Express business unit has completed the acquisition of Brazilian logistics company, Rapidão Cometa.
The acquisition of Rapidão Cometa will strengthen the FedEx Express network in Brazil, giving customers a one-stop-shop for both domestic and international transportation and logistics services.
The company also appointed Américo Pereira Filho, Rapidão Cometa's current as vice president of FedEx Express LAC and president of FedEx Express, Brazil.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.