Acquisitions
Acquisitions De transport intelligence (http://www.transportintelligence.com/) On 4/28, TNT NV announced the pending acquisition of Expresso Araçatuba Transportes E Logística Ltda for $70.6 million. Based in Sao Paulo, Expresso utilizes 1,000 vehicles and 40 depots toprovide expedited cargo transportation throughout Brazil. On 5/1, Toll Holdings Limited announced the pending acquisition of 40.0% of BIC Logistics, Ltd. Based in New Delhi, BIC provides trucking and warehousing services for the automotive, print media and fabrics industries. Terms were not disclosed.