FedEx expands delivery capacity in Brazil

According to the Brazilian Association of Infrastructure and Basic Industries (Abdib), public and private investments in transport and logistics should gain R$ 248.3 billion by 2026. ports and airports estimate at least R$ 150 billion a year — equivalent to 2.26% of GDP over the decade. In 2020, R$23 billion, or 0.31% of GDP, were earmarked. Despite the challenges and difficulties, it is an attractive sector by the presence of major players in digital commerce, such as Amazon, Magazine Luiza and Mercado Livre, which invest heavily to improve the delivery experience for customers. In this scenario, the American giant FedEx Express, the largest express delivery company in the world, has expanded its operations in the country, where it has been operating since 1989. "Brazil is a key market for FedEx and has enormous potential for developing the industry of transport and logistics", said Luiz Vasconcelos, president of the company in the country, to DINHEIRO, who will take over the operation in Latin America as of January 1, 2022.

In the short term, the company has increased the capacity of its Brazilian operation to meet current demand growth, driven by the e-commerce boom. According to data from Mastercard SpendingPulse, online sales register an expansion of 75% in 2020. According to Ebit Nielsen, in the first half of this year, there was a growth of 31% compared to the same period last year, which was already rising, with R$ 53.4 billion handled. "This market is one of our operational priorities," said the company's Brazilian executive, who in the fiscal year 2021, ended in August, had global revenues of US$ 84 billion (an increase of 21.4% over the previous period), with profit net of US$ 5.23 billion (+305%).