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FedEx and TNT Express say that a third party has filed an appeal against the Brazilian authority (CADE)'s unconditional approval of their merger plans.
At TNT's recent press conference to announce their forth quarter results, chief financial officer Maarten Jan de Vries played down reports that the takeover deal had run into problems due to opposition by UPS in Brazil.
In their latest statement, TNT and FedEx say that they “continue to ...
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TNT's management hailed a 4.1% improvement in fourth quarter 2015 revenues of €1,861 million, - compared to an operating loss of €53 million in the same period of 2014 – and insisted that the express operator's takeover by rival FedEx was still on course for the first half of this ...
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FedEx Express has officially opened its new Nordic gateway at Copenhagen Airport. It will serve as a gateway for inbound and outbound shipments for Denmark, Finland, Norway and Sweden. The new 8,000sq m facility can sort 3,300 packages per hour and process 18 weekly flights, 170 truck movements per week ...
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The European Commission has given unconditional approval to FedEx 's acquisition of TNT Express. Brussels says the merger does not raise any competition concerns. While approval is still needed in other countries, including Brazil and China, the deal is making “timely progress” and expect to close the offer in the ...
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For the fourth year running, volunteers at FedEx's Stansted hub gave up their time to sort, pack and deliver 250 boxes of toys to children across the country, in aid of the KidsOut charity. It supports children who have witnessed or been victims of domestic violence and the toy boxes ...
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FedEx predicts it will move a record-breaking 317 million shipments globally between 'Black Friday' (27 November) and Christmas Eve - a 12.4% increase year-on-year.
Business is expected to be bolstered by three volume spikes, including Cyber Monday (November 30) and the first two Mondays in December, in which the company expects ...
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FedEx Express is the busiest cargo airline in the world according to the latest IATA World Air Transport Statistics Report. The carrier transported over 7.1 million tonnes of airfreight in 2014, well ahead of its nearest rival UPS's 4.2m tonnes. FedEx also led the field on a tonne-kilometres basis, with ...
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FedEx and TNT Express confirmed on 20 October that they have been told by the European Commission that there will be no objection to their planned merger, ahead of the expiry of a deadline on 23 October. The two companies expect that FedEx's offer for TNT will close in the ...
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FedEx has committed about $1 million in cash and transportation support to deliver emergency supplies and critical medical aid to thousands of migrants and refugees in Europe. It has donated $1 million to the International Federation of Red Cross and Red Crescent Societies.
It is also transporting hygiene kits for ...
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FedEx has donated essential school equipment to help disadvantaged children and young people for the Action for Children in the UK as part of its FedEx Cares programme, FedEx team members collected over 2,500 items, which will be distributed at nine Action for Children services across the UK in time ...
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