FedEx buys Manton Air-Sea

Global logistics giant Fed Ex has announced plans to buy the Australian freight forwarder, Manton Air-Sea.

The new acquisition is to operate as a subsidiary of FedEx Trade Networks.

“Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to expand in Australia, a country with a strong GDP and a significant market in the Asia Pacific region,” said Richard W Smith, president and chief executive FedEx Trade Networks.

The deal is expected to close later this year.