19 Feb 2002. Kuehne and Nagel has bought the remaining 50% of the shares in its Brazilian agent Deicmar SA. It bought the original 50% in 1990. The business now 100% owned by K&N will be called Kühne & Nagel Ltd.
Read MoreTotal Express, the logistics and delivery company owned by the investment funds GP and J.P. Morgan has gone out of business. Although the company had acquired some weighty clients, it says that it was not able to compete with ‘predatory’ competition from the Correios, the Brazilian postal system, in particular its e-Sedex division, which drew away clients with rates described by Total Express as below cost. The company’s 300 employees will be laid off and 60 contracts cancelled.
Read MoreUPS (United Parcel Service) had a 10% increase on the operations in Brazil in the last quarter of 2001. However, the company still has a very modest position Latin America, especially Brazil.
Read MoreThe Brazilian state owned mail and express services company ECT (Empresa de Correios e Telegrafos) expects the Banco Postal to start operations in late 2002′ first half.
Read MoreDanzas has created a South American trucking network offering customers time-definite, door-to-door deliveries in six countries: Brazil, Argentina, Chile, Uruguay, Paraguay and Bolivia.
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