Brussels launches probe into FedEx’s proposed TNT takeover

The European Commission has opened an in-depth investigation into FedEx’s proposed $4.8bn takeover of TNT Express over concerns the deal could reduce competition and push up prices. The Commission said it had concerns that on a number of European markets for international express and regular small package deliveries, the merged entity would face insufficient competitive...

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Transaero Launches cargo service to Beijing

Russia’s leading carrier, Transaero Airlines, has launched a freighter service to China. Transaero delivered 22.4 tonnes of mail on the first flight between Beijing and Novosibirsk using one of the airline’s pair of new Tupolev Tu-204C aircraft. The year old aircraft will be regular performers on the route. The airline...

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