All TNT Express articles – Page 4
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China green light for FedEx-TNT deal
FedEx Corporation and TNT Express have said that they have obtained the unconditional approval of China’s Ministry of Commerce (MOFCOM) for their merger.With one of the last remaining hurdles to the deal surmounted, the two express companies say that the offer condition with respect to competition clearances has now been ...
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FedEx deal is on track, says TNT boss
TNT is in course to close its deal with FedEx during the second course, said chief executive Tex Gunning at a press conference to announce the Dutch-owned express operator’s first quarter results. Asked what the outcome would be if the Chinese authorities did not give their approval by the 6 ...
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TNT signs pharma duo for Medpak service
TNT has signed up two global customers for its new cold chain packaging and shipping solution, Medpak VI°C.The Europe-based express operator did not name the customers but said that one is “a leading clinical trial company” while the other is “a global biotech company”.Medpak VI°C, which guarantees a temperature variance ...
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UPS moves to annul European veto on TNT takeover
UPS is asking the Luxembourg-based General Court to overturn a European Commission veto on its failed bid three years ago to take over European express operator TNT, a company which is now on course to be acquired by FedEx, arch rival to UPS.News agency Reuters said that the UPS challenge ...
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FedEx and TNT deal gets clearance in Brazil following UPS appeal
FedEx’s proposed takeover of TNT Express has finally been approved by Brazilian authorities after UPS filed an appeal with the economic regulator in Brazil.The two express firms today announced that Brazil’s Conselho Administrativo de Defesa Econômica (CADE) had rejected the third party appeal of the unconditional approval of FedEx’s takeover ...
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FedEx-TNT deal faces regulatory appeal in Brazil
UPS has filed an appeal with the economic regulator in Brazil against FedEx's takeover of TNT Express.On February 2, the US parcel giant said Brazil’s Conselho Administrativo de Defesa Econômica (CADE) had unconditionally approved its intended acquisition of TNT Express.Under Brazilian law, a decision may be appealed within 15 calendar ...
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TNT returns to the black in the fourth quarter
Express delivery firm TNT returned to the black during the fourth quarter of last year on the back of revenue growth and cost cutting measures.The Amsterdam-headquartered company, which is the process of being taken over by FedEx, reported fourth-quarter revenues of €1.9bn, up 4.1% compared with the same period in ...
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ASL swoops on TNT fleet
ASL Aviation has agreed to purchase TNT Airways and Pan Air Líneas Aéreas, which the express firm has agreed to sell as part of its takeover by FedEx, for an undisclosed sum.The deal will see Dublin-headquartered ASL, which was the expected destination of the fleet, take over the flights operated ...
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FedEx takeover of TNT edges forward
FedEx’s takeover of TNT has taken another step forward after Brazil’s competition authority gave its go-ahead to the acquisition.The US parcel giant said Brazil’s Conselho Administrativo de Defesa Econômica had yesterday unconditionally approved its intended acquisition of TNT Express.“We are very pleased with the unconditional approval from the Brazilian regulatory ...
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European Commission approves Fedex's takeover of TNT
The European Commission has given official approval to FedEx’s $4.8bn acquisition of TNT Express.The two companies said that following an investigation, the European Commission concluded that the deal would not raise any competition concerns.The Commission said FedEx and TNT are not particularly close competitors and the merged entity will continue ...
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Aussie rules OK for FedEx takeover of TNT
The Australian Competition and Consumer Commission (ACCC) will not oppose FedEx’s proposed $4.8bn acquisition of TNT Express.ACCC chairman Rod Sims said that the commmission had sought information and views from a range of interested parties including online retailers and suppliers of express services, adding: “Customers did not raise significant competition ...
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TNT 'making progress' for fleet sell-off
TNT has confirmed that it is “making progress” in finding a buyer for the parcel carrier’s freighter fleetTNT has to sell its aircraft assets if the $4.8bn takeover by FedEx is to go ahead.A spokesman for TNT Group said: “We are making progress with potential buyers” for TNT Airways ...
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FedEx and TNT extend share acceptance period until January 2016
FedEx and TNT Express have extended the public offer acceptance period for all the issued and outstanding ordinary shares in the capital of TNT Express until January 8, 2016.US parcel giant FedEx’s proposed $4.8bn takeover of the Netherlands-based TNT Express is now unlikely to be opposed by European Commission regulators ...
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TNT records third quarter operating loss
FedEx takeover target TNT managed to improve its financial performance in the third quarter of the year, but still recorded an operating loss.The Netherlands-headquartered delivery giant saw third-quarter revenues increase by 2.3% on a year earlier to €1.7bn on the back of increases in its small and medium enterprise (SME) ...
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Brussels gives green light to FedEx-TNT deal
FedEx and TNT Express say that the European Commission will not object to their planned merger, ahead of the expiry of a deadline on 23 October. The announcement clears a significant hurdle for the deal. Although clearance from competition authorities in other countries is still needed, the European Commission’s assent ...
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Solar-powered car takes flight with TNT
TNT transported a solar-powered car called Stella Lux from the Netherlands to Australia. The four-seat prototype will compete at the World Solar Challenge (18-25 October), a 3,000km race between Darwin and Adelaide.The Netherlands-based express operator said: “TNT shipped the car from Eindhoven to Liege, Belgium, then flew it to Singapore ...
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Economic volatility rocks TNT's Q3
Europe-based parcel and logistics operator TNT said that “economic volatility” in Brazil, China and Australia weighed on the takeover target’s third quarter performance.TNT, which is the subject of a $4.8bn takeover bid by US parcels giant FedEx, said in its latest trading update that the management team “remains focused” on ...
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TNT wins Harding Safety air and road contract
TNT has been awarded a five-year contract covering air and road express services with supplier of lifesaving equipment, Harding Safety.TNT will become the exclusive carrier for all spares shipments for Harding Safety at global level and will provide a full range of express delivery services using its integrated road and ...
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TNT upgrades Nordic links
TNT is strengthening its international express delivery services to Europe’s Nordic countries with improved Boeing 737 freighter connections to Sweden and Finland, plus additional last-mile delivery capacity in large business centres.The Netherlands-based express and logistics carrier has reintroduced flights from its Liege air hub in Belgium to Stockholm Arlanda (ARN) ...
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Tex Gunning to leave TNT CEO role if FedEx succeeds in takeover bid
TNT Express chief executive Tex Gunning will be replaced by David Binks if FedEx’s $4.8bn takeover, due to be launched on Monday, is successful.The two companies today announced that, on Monday, FedEx will make its recommended public cash offer for all the issued and outstanding ordinary shares of TNT Express.The ...