AEI BUYS FRENCH OCEAN FORWARDER
U.S. forwarder and logistics provider Air Express International has
purchased Team Fret, a small French ocean freight forwarder. Terms were not disclosed.
Headquartered in Marseilles, Team Fret operates mainly on routes between
southern France, the United States and the Far East.
The French firm had sales of about $6 million last year, AEI said.