Express – Page 37
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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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FedEx considers appealing French cartel fine as it reports profit improvements
FedEx has said it is considering appealing against the fine issued by France’s competition authority for alleged price fixing in the parcel delivery sector as it announced its latest quarterly results.The Memphis-headquartered integrator recorded an increase in second-quarter fiscal year revenues of 5% to $12.5bn, operating income was up 4.6% ...
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France slaps price-fixing fines on 20 express carriers
France’s Competition Authority (Autorité de la Concurrence, FCA) has ordered 20 parcels delivery firms to pay a total €672.3m for price-fixing.Some 20 companies including Chronopost, Exapaq (now DPD France), Dachser France, DHL Express France, FedEx Express France, Gefco, Geodis, GLS France, Norbert Dentressangle Distribution, Schenker-Joyau (now Schenker France), TNT Express ...
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Jetpak links up with Flybe for door-to-door
Nordic courier specialist Jetpak has linked up with UK-based European regional airline Flybe to provide door-to-door delivery services between the UK and the greater Benelux area.Jetpak, which entered into the Netherlands and the UK earlier this year, will be able to provide same day transportation services between the UK, the ...
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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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DHL Express to develop palletised item conveyor system at Leipzig
DHL Express plans to install a unique automated conveyor belt for palletised items in its new Leipzig terminal in order to speed up processing times.Leipzig hub managing director Ralph Wondrak said that pallets need to travel 1km in distance when they arrive at the terminal.To improve processing time, the intergrator ...
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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 predicts record seasonal shipments surge
FedEx predicts that it will move a record-breaking 317m shipments globally between Black Friday (November 27) and Christmas Eve (December 24). This forecast marks a 12.4% increase in year-over-year seasonal volume.The season is expected to be bolstered by three volume spikes, including Cyber Monday (November 30) and the first two ...
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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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UPS statement on pan-African airline
United Parcel Service has issued a statement regarding African press reports that it is to launch a Tunisia-based pan-African airline with its local Tunisian partner, Express Logistics.In a statement to Air Cargo News, UPS said: “Contrary to recent media reports, UPS has not currently partnered with Express Logistics in Tunisia ...
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UPS records third-quarter profit improvement
Integrator UPS recorded increases in operating and net profits during the third quarter of the year despite a decline in revenues.The New York Stock Exchange-listed express giant saw third-quarter revenues decrease by 0.4% on a year earlier to $14.2bn, with its international package segment experiencing the greatest downturn in takings ...
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FedEx cleans up its planes and reduces its fuel bill in the process
FedEx has adopted a new fuselage cleaning procedure for 13 aircraft serving Europe from its Roissy-Charles De Gaulle hub that it claimed will help reduce its fuel bill.FedEx has begun cleaning the 13 aircraft using brooms equipped with microfiber rags to apply an anti-static biodegradable, non-toxic and non-flammable cleaning product.The ...
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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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UPS pilots vote to authorise strike
UPS pilots have voted in favour of requesting an exit from federally mediated labour negotiations to allow the option of launching strike action, a move the integrator believes is symbolic.Earlier today, UPS pilots voted 2,252 to eight to provide the Independent Pilots Association (IPA) with the authority to formally request ...
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UPS to launch pan-Africa airline
United Parcel Service is to launch a Tunisia-based pan-African airline from 12 January, according to local press reports. The US-based integrator has partnered with local Tunisian freight firm Express Logistic to set up Express Air Cargo (Enfidha). It plans to develop services between Enfidha airport – about midway between Tunis ...
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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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Detroit debut for DHL freighter
DHL has announced a new daily Boeing 767-200 freighter flight for Detroit Metropolitan Airport that upgrades the service for US importers and exporters based in Michigan.The flight enables the express parcel and logistics operator to provide earlier delivery times and later pick-up times by one hour on average.The freighter operates ...
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Lange joins FedEx forwarding arm
FedEx Trade Networks, the freight forwarding and customs brokerage arm of the US parcels giant, has appointed Udo Lange as executive vice president and chief operating officer.Dr Lange is responsible for overseeing all global air and ocean freight forwarding and customs brokerage operations for the company.Lange has more than 20 ...
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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 ...