Kuehne & Nagel and Kintetsu World Express have entered into a strategic partnership in Latin American markets.
Effective October 1, 2003, Kuehne & Nagel will assume the book of business of KWE’s affiliated companies in Brazil, Peru, Venezuela, and Mexico.
Read MoreLatin American Logistics and Cargo Transport – The Quiet Giant
Read MoreDHL Danzas Air & Ocean on Wednesday said it had acquired the remaining shares of Corporacion Cormar Sociedad Anonima, a Central American transport and logistics specialist, in order to build operations across the region and achieve synergies for the DHL Group. DHL Danzas Air & Ocean will acquire the remaining 65 percent of Cormar shares from the longstanding senior management and outside shareholders that are also customers of Cormar.
Read MoreWith the global merger of the DHL and Danzas package delivery companies, the goal of the company in Mexico is take the lead in the market, ahead of UPS and Federal Express, says Mr. Mario Sotres, head of DHL Mexico. The company is hoping to grow by 37% in Latin America and Mexico. Sotres denies any plans to acquire any Mexican companies in the short term, as the focus will be on the newly merged companies. The new company will have a new logo, based on that of DHL, but with a change of color.
Read MoreMajor express shippers like UPS, DHL and FedEx may be forced out of Mexico, reports Mexico City’s El Financiero. Mexican lawmakers are considering mandating that “natural or legal Mexican citizens” operate federal cargo, courier and express services and restricting foreign stakes in such companies. Public hearings should begin March 15.
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