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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DHL right in the heart of Texas

DHL has opened a service centre facility in Houston, Texas, mainly to serve the oil and gas sector. The $2.5m, 28,000 sq ft facility can process more than 2,500 shipments per hour, nearly double the existing capacity and will allow for earlier delivery times and later drop off times. DHL Express says it has seen an uptick in emergency shipping of machinery...

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