Tuesday, April 7, 2015

FedEx-TNT deal to create third force in express

by Cargo New Hubs on 6:24 PM No comments
FedEx’s planned takeover of rival carrier TNT would create a third force in the express market – and unlike UPS’ attempted takeover 2½ years ago, it would succeed, the leaders of the two companies predicted at a press conference this morning. The acquisition would bring TNT’s “exceptional” road platform into the FedEx fold, helping to strengthen what had been a...

FedEx set to buy TNT Express for $4.8bn

by Cargo New Hubs on 9:39 AM No comments
US parcels and logistics giant FedEx has made a $4.8bn  bid to acquire rival operator TNT Express of the Netherlands, with both sides reaching a conditional agreement on the deal. The agreement recommends an all-cash offer by FedEx for all issued and outstanding ordinary shares, including shares represented by American Depositary Receipts of TNT Express for...
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