tnt
TNT Express is to sell its TNT Innight overnight distribution subsidiary to private equity firm Special Situations Venture Partners III to allow it to concentrate on its core express delivery business. TNT Innight provides night-time distribution services in and employs about 1,300 people across 40 facilities in Northern and Central Europe. It will continue to operate as a standalone business but with a new name.
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FedEx and TNT Express have gained unconditional approval from China’s Ministry of Commerce (MOFCOM) for their merger. With one of the last obstacles overcome, the two express companies say that they have fulfilled all the requirements for competition clearance for the deal to go ahead, the authorities in Brazil, Europe ...
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UPS has made a fresh attempt to halt rival FedEx's takeover of TNT by asking the EU to overturn its veto of its own takeover bit for the Dutch operator three years ago. UPS reportedly has asked the Luxembourg-based General Court to overturn the veto because of mistakes made by ...
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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 ...
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TNT is to build a new international road hub and combined domestic regional sort centre in the Dartford area.
The multi-million euro development is part of the company’s on-going strategy to invest in its core European network and enhance operational efficiency and service quality. The 600,000 sq ft site is expected ...
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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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TNT Express has agreed to sell its TNT Airways arm to ASL Aviation Group for an undisclosed sum. It is conditional on the completion of FedEx’s intended acquisition of TNT, expected in the first half of 2016. ASL will take over the flights and is expected to will maintain contracts ...
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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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Express carrier TNT says it is unable to guarantee the availability of timed premium services in parts of Scotland due to the closure of the Forth Road Bridge
All traffic in and out of Fife and Tayside (DD and KY postcodes) is being diverted away from the bridge ona 60mile detour ...
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