FedEx set to acquire India-based AFL Pvt. Ltd.

FedEx announced earlier today that its FedEx Express subsidiary will acquire the logistics, distribution, and express businesses of India-based AFL Pvt. Ltd. and its affiliate Unifreight India Pvt. Ltd. Financial terms of the deal, which is expected to close by February 2011, were not disclosed.

By ·

FedEx announced earlier today that its FedEx Express subsidiary will acquire the logistics, distribution, and express businesses of India-based AFL Pvt. Ltd. and its affiliate Unifreight India Pvt. Ltd.

Financial terms of the deal, which is expected to close by February 2011, were not disclosed.

FedEx officials said that this deal will provide FedEx Express with a more robust domestic ground network and added capabilities in India.

“This acquisition supports the FedEx commitment to the success of the Indian market, its workforce and its customers,” a FedEx spokesperson told LM in an interview. “Since 1984 when FedEx first entered the market as the first air express carrier FedEx recognized India’s significant economic potential. Continuing to invest in this market further evolves the market potential FedEx recognized more than 20 years ago.”

AFL Pvt. Ltd. was established in 1945. It provides shippers with a wide range of distribution and logistics services. Included in this acquisition are:
-AFL Logistics and distribution, which includes supply chain management, warehousing, and ground distribution network services that provide day-definite ground transportation for small packages and heavyweight shipments through more than 200 daily scheduled routes; and
-AFL WiZ Express, a provider of express services through more than 160 Express Service Centers that provide service for more than 5,000 zip codes across 144 cities in India.

FedEx Express COO Michael L. Ducker said in a statement that this acquisition supports the company’s long-term strategy to grow its international business and better serve customers seeking to expand or enter the Indian market.

And the FedEx spokesperson said that “the acquisition of the AFL businesses will allow FedEx to provide customers with more comprehensive service options, such as domestic ground and value-added services, including warehousing, logistics solutions and 3PL…and for AFL customers this acquisition will allow them to have direct access to the FedEx international air and ground network in more than 220 countries and territories worldwide, enhancing customers’ business flexibility and speed to market coupled with an outstanding FedEx customer experience.”


About the Author

Jeff Berman, Group News Editor
Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. Contact Jeff Berman

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

AFL Pvt. Ltd. · FedEx · Unifreight · All Topics
Latest Whitepaper
2017 Top 50 3PLs: Investment and Consolidation Maintain Traction
The trend set over the past few years for mergers and acquisitions has hardly subsided, and a fresh injection of equity investment is transforming the marketplace. At the same time, shippers may expect to see 3PLs continue to purchase high-tech “solutions” and hire young professionals for implementation.
Download Today!
From the August 2017 Logistics Management Magazine Issue
Which carriers, third-party logistics providers, and North American ports have crossed the service excellence finish line ahead of their competitors? Our readers have cast their votes, and now it’s time to introduce this year’s winners of the coveted Quest for Quality Awards.
BMW Takes the Inland Road to Efficiency
Global Logistics: No Shortcuts to Security
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
34th Annual Quest for Quality Awards: Winners Revealed
Which carriers, third-party logistics providers, and North American ports have crossed the service...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...

LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...