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...

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Air Freight Volumes Show Solid Gains

  Air freight volumes continue to show solid gains on a year ago, supported by economic improvements in some regions, says IATA in its latest quarterly cargo chartbook. But high jet fuel prices and overall weakness in yields have kept cargo financial performance from improving so far this year, adds IATA. “Emerging Asia trade volumes have rebounded...

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