FedEx-TNT deal edges forward

FedEx’s potential $4.8bn takeover of TNT has edged further forward as the US express giant has filed regulatory paperwork to the European Commission. Over the weekend, the New York Stock Exchange-listed logistics company confirmed it had submitted the required filing to the EC to obtain regulatory clearance in connection with the intended recommended public cash...

Continue

Drewry Air Freight Price Index

East-West airfreight rates were for the second month in a row largely unchanged in July with Drewry’s East-West Air Freight Price Index only moving up by 0.8 points to 102.4 points. The small increase in pricing brought the index up to within 1.4 points of April’s high and an impressive 8.2 points above last year’s level, indicating the strength of the recovery in...

Continue