UPS to sue Brussels for billions over failed TNT deal

UPS said on 26 February that it plans to sue the European Commission over its blocking of its planned takeover of Dutch-headquartered operator TNT five years ago. It follows the General Court of the European Union annulation of the Commission regulators’ decision last year on the grounds that they had used flawed analysis – which however came too late to save the deal as TNT had by then already been taken ... [+]

FedEx counts the cost of TNT virus attack

FedEx said that the NotPetya cyber attack that hit its newly acuired TNT Express arm had hit its sales by about $300 million in the past three months. However, all TNT’s main systems were now working again, although parcels  volumes have been reduced, it said. Parcel broker Fastlane International’s head of ... [+]

Small firms ‘left in the dark’ over TNT cyber attack

The Federation of Small Businesses (FSB) said in July that it still had “serious concerns” about the TNT NotPetya attack and is effect on its members. It said that while the attack occurred four weeks ago some small firms remain in the dark over when and if they can expect their ... [+]

FedEx counts the cost of TNT cyber-attack

FedEx revealed further information on the cyber attack that hit its newly acquired TNT subsidiary in June in its annual Form 10-K report for fiscal year 2017 with the US Securities and Exchange Commission. It said that the worldwide operations of TNT were significantly affected by Petya virus which was ... [+]

Hollow victory for UPS

The EU General Court has annulled the European Commission’s blocking of the proposed merger between UPS and TNT Express in 2013, saying that the decision was based on incorrect data. With TNT now in the hands of UPS’s rival, FedEx , it is seen largely as a hollow victory for ... [+]

TNT gains ground in Spain

TNT – recently acquired by FedEx - is expanding the coverage area of its international express delivery service in Spain, and now offers next day delivery to and from an additional 1,300 postal codes, or 90% of businesses. It follows the addition of extra pickup and delivery vehicles and rounds, ... [+]

FedEx completes TNT takeover

After a year of behind-the-scenes activity, FedEx formally took over rival operator TNT Express on 25 May, described by FedEx president and chief executive David Bronczek as “a historic day in the history of these two great companies.” FedEx also revealed that it would be moving its European headquarters to TNT’s ... [+]

‘Ugly freight could lose out from FedEx takeover’

FedEx’s take-over of TNT Express could mean less choice and increased costs and transit times for shippers of large and heavy items, warns David Jinks, head of consumer research at brokers ParcelHero. He says that TNT has made ‘ugly freight’ a speciality “and has significantly greater flexibility on the size of ... [+]

FedEx to take over TNT on 25 May

FedEx has declared its offer for TNT Express unconditional and that settlement will take place on 25 may. FedEx president and chief executive David Bronczek, President and CEO, FedEx Express said the date “will be a profound moment in the history of these two great companies. Together, we will transform ... [+]

FedEx-TNT decision imminent

FedEx and TNT Express said that 88.4% of the total number of shares had been tendered by the deadline on 13 May. FedEx said it would announce no later than 19 May whether it would declare its offer for TNT unconditional. [+]

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