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MEMPHIS: January 15, 2019. FedEx Express is set to acquire the international express business of Israel-based Flying Cargo Express.

FEDEX B767“Israel has been and remains an important market for FedEx, and our strong reputation in the market is built on nearly 30 years of trust with our partner and the employees of Flying Cargo,” said Bert Nappier, president of FedEx Express Europe and CEO of TNT. “This exciting acquisition, once closed, leverages that relationship to offer customers an even broader portfolio of services with a seamless link to our unrivaled global network.”

FedEx Express began serving Israel through the International Division of Flying Cargo Express in 1990, ultimately providing a wide range of international express transportation services, including import and export of shipments to more than 220 countries and territories worldwide. Since May 2016, TNT Express—including TNT in Israel—has been part of the global FedEx group of companies.

“It was a privilege introducing FedEx Express to the Israeli market,” said Avi and Dany Reik, owners of Flying Cargo Group. “This step demonstrates the successful relationship. We are convinced that while the Flying Cargo Group will continue to develop our other logistics and distribution businesses, FedEx Express will even better meet the evolving needs of customers in Israel.”

The Flying Cargo Group will continue to provide logistics services, warehousing, fulfillment e-commerce and distribution of goods in Israel. The acquisition is expected to close in the first half of 2019 subject to regulatory approval.

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