DHL acquires freight forwarder in Uruguay

The freight management arm of DHL Group on Monday announced the acquisition of Uruguay-based Aero Cargas S. A. , giving the company its first direct operation in a country that is experiencing regional and international trade growth. Latin America has seen strong growth in cross-border trade, including airfreight, in the past couple of years as geopolitical tensions, wars and tariff proliferation make trade in other parts of the world more difficult. DHL Global Forwarding ( XETRA: DHL ) said the investment in Aero Cargo was motivated by Uruguay’s potential to capture more trade flows given its position as an Atlantic gateway to the Mercusor trade bloc, with the Port of Montevideo at the entrance to the primary inland waterway that flows past Buenos Aires, the capital of Argentina.