FedEx set to buy TNT Express for $4.8bn

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 a cash offer price of €8.00 per share.
The surprise transaction gives TNT Express an implied equity value of approximately €4.4bn ($4.8bn).
Fred Smith, chairman and chief executive of FedEx Corp, said: “We believe that this strategic acquisition will add significant value for FedEx shareowners, team members and customers around the globe.
"This transaction allows us to quickly broaden our portfolio of international transportation solutions to take advantage of market trends – especially the continuing growth of global e-commerce – and positions FedEx for greater long-term profitable growth.”
Tex Gunning, chief executive of TNT Express, said: “This offer comes at a time of important transformations within TNT Express and we were fully geared to executing our stand-alone strategy. But while we did not solicit an acquisition, we truly believe that FedEx’s proposal, both from a financial and a non-financial view, is good news for all stakeholders.
"Our people and customers can profit from the true global reach and expanded propositions, while with this offer our shareholders can already reap benefits today that otherwise would only have been available in the longer run."

Source : http://www.aircargonews.net/news/airlines/express/single-view/news/fedex-and-tnt-express-agree-on-recommended-all-cash-public-offer-for-all-tnt-express-shares.html

Continue

Volvo renews TNT international delivery contract

 

Swedish truck and bus maker Volvo has renewed a three-year contract with express operator TNT for ‘inbound to production’ and aftermarket delivery services in Europe.
TNT will continue to handle Volvo’s European emergency production movements.
TNT collects automotive components and parts from more than 800 different suppliers in Europe and delivers them to production facilities in Sweden, Belgium, France and Poland.
“The service builds on TNT’s integrated road and air network in Europe. It combines scheduled and special services to ensure all production delivery needs are met,” said the express company.
It added: “The need to maintain low inventory levels while keeping assembly lines running smoothly make guaranteed reliable deliveries essential. TNT provides a door-to-door transit monitoring service for shipments from its Automotive Control Centres, with 24/7 availability.”
Under the contract, TNT handles parts distribution to Volvo dealers throughout Europe to support Volvo’s aftermarket offering. Most parts are collected at Volvo’s central or support warehouses in Europe.
Another contract sees TNT managing the delivery of parts from suppliers in Europe to Volvo Trucks’ manufacturing plant in Hagerstown, Maryland, US.
TNT said that its ‘Inbound to Production’ and aftermarket services will be available to more customers in the automotive, high tech and industrial sectors in 2015.

Source : http://www.aircargonews.net/news/single-view/news/volvo-renews-tnt-international-delivery-contract.html

Continue

Self-driving car the future of logistics industry

The logistics industry will probably be one of the first testing grounds for automated vehicles, according to a study from package delivery giant DHL.

Shipping companies will likely adopt the technology faster than other sectors, since moving cargo in non-public areas like storage facilities and warehouses provides a safer venue to test such devices, according to a study published this week by DHL, the freight and express arm of Deutsche Post AG.

Eventually vehicles might bring packages to a pick-up station where a consumer could find them, the study said.

DHL plans to “maintain pole position in the world of self-driving vehicles,” wrote Matthias Heutger and Markus Kueckelhaus, the authors of the study. "The question is no longer ‘if’ but rather ‘when’ autonomous vehicles will drive onto our streets and highways."

Source : http://www.cargobusinessnews.com/news/techwire/news2.html

Continue

TNT Express boosts Oman fleet

TNT Express, one of the world’s largest express delivery companies, has announced the addition of a new 7-ton Mistubishi /Fuso trailer truck to its domestic fleet. 

 

Oman is a part of TNT Express widespread Middle East Road Network (MERN) delivering to countries such as Jordan, Saudi Arabia, Qatar, Kuwait and Bahrain, the network offers the best day-definite transit times in the express market. 

 

James Edgeworth, the TNT Express Middle East sales and marketing director, said: “The investment is part of our commitment to offering excellent road express services across Oman.” 

 

TNT Express in Oman offers a broad choice of Express services, from air to road freight as part ofd its tailor-made solutions to customer requirements, remarked Sivdasan Payangool, the country manager for TNT Express in Oman.

 

"The new Mistubishi /Fuso has comprehensive safety and security features, and offers improved fuel-efficiency," he added.

 

TNT Express is represented in Oman by GAC & Company Oman, a long-established company specialised in the express and freight business.

Source: http://www.tradearabia.com/news/IND_242666.html

Continue

Lootah Biofuels and TNT Express gearing up for Expo 2020

Lootah Biofuels, a fully owned subsidiary of S.S. Lootah Group has signed an agreement with TNT Express, a leading global Express Company to supply locally produced environmentally superior and performance enhancing biodiesel made from used cooking oil for the latter's commercial vehicles in Dubai.

This agreement aims at reducing carbon footprints, and also supports Lootah Biofuels mission of converting 5% of transportation fuel to Biofuels by the year 2020.

The agreement was signed by Mr. Yousif Bin Saeed Al Lootah, CEO, Lootah Biofuels and Mr. Bryan Moulds, Manging Director Middle East and Sub Continent Associates, TNT Express. As per the agreement Lootah Biofuels will provide its high rich content biodiesel B5 to meet the needs of TNT's large fleet of commercial vehicles in Dubai.

The key benefits of this initiative include carbon foot print reduction as well as reduction of UCO waste. It is expected that the agreement will reduce carbon emissions by 18% per year. Through using B5, UCO is put into sustainable use as opposed to being discarded as waste, thereby impacting the environment negatively. This is a further step towards environmental sustainability.

Commenting on this agreement, Mr. Yousif Bin Saeed Al Lootah, CEO, Lootah Biofuels said "Keeping in line with UAE's vision, the project is a significant step towards sustainable development and the Expo 2020 bid for sustainability. Our mission is to deliver economic, operational and environmental benefits for long-term customer satisfaction and sustainable growth and with the TNT agreement we hope to take the consumption of B5 biodiesel to the next level."

"We are pleased to work with Lootah Biofuels who share the same vision as we do for a sustainable environment. This joins our other regional initiatives such as recent CNG vehicle fleet in Pakistan in our continued efforts to reduce carbon emissions globally. With this agreement, we look forward to creating an eco- friendly environment with economically viable biodiesel, thus promoting H.H. Sheikh Mohammad's vision for a green and sustainable Dubai." said Mr. Bryan Moulds, Managing Director Middle East and Sub Continent Associates, TNT Express.

Continue