All TNT Express articles – Page 3
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News
FedEx takes $300m operating income hit on cyber attack
The Petya cyber attack cost express giant FedEx $300m in lost operating income during the first quarter of its financial year ended August 31.The company said the cyber attack, which hit its TNT Express business in June, predominantly affected revenues. The loss of revenues went straight through to its profits ...
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FedEx asks for second extension to Cuba service start-up deadline
FedEx has asked for more time to start up its new Cuba freighter service after facing problems finding suppliers in the country and due to potential changes to US policy.Last year, the express firm was the only airline granted permission to operate all-cargo services between the US and Cuba as ...
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FedEx and UPS top bosses in memo to Trump: Keep the US globally competitive
US logistics giants and fierce rivals UPS and FedEx have joined forces by calling on the US Congress and the Trump Administration to work on policy reforms to keep the US globally competitiveIn a signed editorial published in the influential Wall Street Journal, FedEx Corp chairman and chief executive Fred ...
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FedEx financial performance hit by TNT cyber attack
Express firm FedEx said today that its financial results will be affected by the Petya cyber attack that hit subsidiary TNT. The company continues to be affected by the virus.In a stock exchange announcement, the express giant said it was still evaluating the financial impact of the attack, but it ...
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NewsTop 25 cargo airlines 2016: FedEx maintains top spot but ABC and Qatar on the up
FedEx was once again the busiest freight airline in the world, while Qatar Airways, AirBridgeCargo (ABC) and All Nippon Airways were among the fastest growers in 2016 (see end of article for full table).The annual World Air Transport Statistics report from Iata showed that in freight tonne km (FTK) terms, ...
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FedEx adds Bangladesh security surcharge
FedEx Trade Networks will add a surcharge on shipments from Bangladesh to the European Union (EU) after stricter security standards were introduced.FedEx's forwarding arm said that as a result of the EU adding Bangladesh to its list of high-risk countries shipments will need to go through new screening measures in ...
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TNT continues recovery effort after cyber attack
TNT is continuing to implement contingency plans to mitigate the impact of the virus that attacked its IT systems last week.In an operational update, TNT parent FedEx said that its teams were making solid progress on "remediating systems and methodically bringing business critical systems and services back online including mytnt.com"."TNT ...
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TNT Express operations "significantly affected" by cyber attacks
FedEx Corp has confirmed that the "worldwide operations" of its TNT Express subsidiary have been "significantly affected" by the cyber attacks that also hit ocean freight giant Maersk.The US-based parcels operator said that it cannot measure the financial impact of this service disruption at this time, but warned "it could ...
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European court annuls 2013 decision to block UPS-TNT deal
Europe's General Court has annulled the January 2013 decision by the European Commission to refused authorisation of the merger between UPS and TNT, on the grounds of a “procedural irregularity” by the European regulator.TNT was later acquired by Federal Express, the arch rival to UPS in the global express small ...
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Belfast back to normal after damaged TNT freighter moved
The damaged TNT 737 freighter that disrupted operations at Belfast International Airport yesterday (Tuesday, 4 October) has been towed off the runway.The plane was stranded at the intersection of the main Northern Ireland gateway’s two runways after it burst a number of tyres on landing at 6am. All flights had ...
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TNT freighter incident disrupts Belfast flights
Flights at Belfast International Airport after a TNT 737 freighter aircraft suffered a burst tyre incident on the main runway at about 6am today (Tuesday October 4), leading to the complete shut-down of Northern Ireland’s main air gateway at one stage.A spokesman for the airport was reported as saying that ...
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NewsFedEx sees profits improve despite TNT integration costs
FedEx saw first quarter revenues increase by double-digit levels during its fiscal first quarter while net income also improved as its acquisition of TNT Express was included in its results for the first time.The parcel giant saw fiscal-first quarter revenues increase by 19.5% year on year to $14.7bn, while its ...
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NewsAnalysis: ASL swoops on TNT Express freighter fleet
Dublin-based aircraft lessor ASL Aviation Group has boosted its freighter fleet with the purchase of the airline operations of TNT Express for an undisclosed amount.The deal, which was part of FedEx’s €4.4bn acquisition of TNT completed in late May, will see ASL take over the fleets of TNT Airways in ...
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TNT expands coverage of a bull market in Spain
TNT, now owned by FedEx, is expanding its international express delivery service in Spain, offering next day delivery to an additional 1,300 postal codes, covering more than 90% of Spain’s businesses.This builds on recent improvements in TNT’s network operations in Spain, including additional pickup and delivery vehicles and rounds, additional ...
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Caroline Rose of TNT Express is the FTA's logistics woman of the year
Caroline Rose, head of regional operations at TNT Express in the UK, has been chosen as the Woman of the Year in the Freight Transport Association’s 2016 everywoman in transport & logistics awards.The award recognises Rose’s talent as “a visionary team leader who has a proven track record for leading ...
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NewsFedEx to maintain major hubs in Liege, Paris CDG and Cologne following "historic" TNT acquisition
FedEx has completed its “historic” €4.4bn acquisition of TNT Express and announced it plans to keep all three of the main European hubs operational.Speaking at a press conference this morning, FedEx Express president and chief executive David Bronczek described the completion of the deal as “truly remarkable” and said it ...
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NewsASL confirms purchase of TNT Express airline operations
ASL Aviation Group of Ireland has acquired the airline operations of TNT Express, comprising TNT Airways in Belgium and Pan Air Líneas Aéreas in Spain.The two airlines are to be renamed ASL Airlines Belgium and ASL Airlines Spain respectively, bringing the number of airlines in ASL's portfolio to nine.ASL’s offer ...
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FedEx offer for TNT gains unconditional acceptance
FedEx's offer for TNT shares has been unconditionally accepted with the deal now set to be completed on May 25.This morning the two companies declared that 88.4% of all TNT shares had been tendered and accepted with all offer conditions satisfied or waived.“We are pleased with the outcome of the ...
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TNT tenders shares as next step in takeover by FedEx
TNT Express has tendered 88.4% of its shares for acceptance as part of its proposed takeover by FedEx.The Netherlands-based express firm will announce whether shareholders have unconditionally accepted the offer by no later than May 19.The move comes after China gave its approval for the FedEx-TNT deal in late April.With ...
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TNT to sell overnight arm
TNT Express is to sell its TNT Innight overnight distribution subsidiary to private equity firm Special Situations Venture Partners III. TNT, which recently announced the approval of the Chinese competition authorfities of its acquisition by FedEx, said it wanted concentrate resources on strengthening its core express delivery activities. TNT Innight ...