South Africa's Imperial Logistics has acquired a majority stake in EWC Express, a domestic and international document courier that also specialises in break-bulk consolidation
The acquisition will strengthen Imperial Logistics' small parcel, high-speed delivery services
With offices in Johannesburg, Cape Town, Durban, Port Elizabeth and George, EWC services more than 3 000 centres across South Africa every day, and its affiliation with the World Freight Network provides access to 174 privately owned freight forwarders in ninety countries
EWC also offers airfreight, sea freight, customs clearing and freight forwarding, as well as warehousing and distribution services
Fred Green, President and Chief Executive Officer, departing after 34 years of service.
The Group delivered a profit of USD 1.2bn (USD 1.2bn) and a return on invested capital (ROIC) of 10.0% (11.7%) for Q1.
UPS today announced it has the necessary financing in place for its intended recommended public offer for TNT Express N.V.