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Brazil's competition watchdog, CADE (Conselho Administrativo de Defesa Econômica) has rejected an appeal against FedEx's acquisition of rival express operator TNT brought by UPS. It was one of the last remaining obstacles to the merger of the express giants, although the two companies still need to obtain regulatory clearance in China.
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FedEx Express says it has surpassed its goal to boost vehicle fuel efficiency by 30% five years early in its its 2016 Global Citizenship Report (GCR) published at the end of March, Its 'Reduce, Replace, Revolutionize' strategy had reduced overall mileage by optimising routes, replaced vehicles with more efficient ...
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FedEx Services managing director Frank Newman has been appointed to the International Air Cargo Association (TIACA) Board of Directors. He takes over from Sarah Prosser, managing director – Legal Counsel at FedEx, who is stepping down after six years on the Board.
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FedEx and TNT Express say that a third party has filed an appeal against the Brazilian authority (CADE)'s unconditional approval of their merger plans.
At TNT's recent press conference to announce their forth quarter results, chief financial officer Maarten Jan de Vries played down reports that the takeover deal had run ...
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TNT's management hailed a 4.1% improvement in fourth quarter 2015 revenues of €1,861 million, - compared to an operating loss of €53 million in the same period of 2014 – and insisted that the express operator's takeover by rival FedEx was still on course for the first half of this ...
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FedEx Express has officially opened its new Nordic gateway at Copenhagen Airport. It will serve as a gateway for inbound and outbound shipments for Denmark, Finland, Norway and Sweden. The new 8,000sq m facility can sort 3,300 packages per hour and process 18 weekly flights, 170 truck movements per week ...
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The European Commission has given unconditional approval to FedEx 's acquisition of TNT Express. Brussels says the merger does not raise any competition concerns. While approval is still needed in other countries, including Brazil and China, the deal is making “timely progress” and expect to close the offer in the ...
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For the fourth year running, volunteers at FedEx's Stansted hub gave up their time to sort, pack and deliver 250 boxes of toys to children across the country, in aid of the KidsOut charity. It supports children who have witnessed or been victims of domestic violence and the toy boxes ...
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FedEx predicts it will move a record-breaking 317 million shipments globally between 'Black Friday' (27 November) and Christmas Eve - a 12.4% increase year-on-year.
Business is expected to be bolstered by three volume spikes, including Cyber Monday (November 30) and the first two Mondays in December, in which the company expects ...
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FedEx Express is the busiest cargo airline in the world according to the latest IATA World Air Transport Statistics Report. The carrier transported over 7.1 million tonnes of airfreight in 2014, well ahead of its nearest rival UPS's 4.2m tonnes. FedEx also led the field on a tonne-kilometres basis, with ...
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