Express firms aim for double-digit growth in South America
As South America’s leading economies expand in 2007, the top international express companies are laying out their strategies for healthy growth in this key emerging market.
Foreign express companies are upping their activity in South America this year, expanding their networks and product and service offerings in the belief that optimistic economic growth forecasts for the region will hold good. DHL has restructured its Latin American operations in anticipation of double-digit growth, while TNT is expecting the same following its purchase of Brazil’s Mercurio. UPS expanded its routes and increased the frequency of services between the region and the rest of the world at the beginning of this year, while FedEx is upgrading cargo-carrying capacity to the region through fleet upgrades and targeting small-and-medium-sized enterprises (SMEs) in six top countries.
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