FedEx to invest €1.4 billion in Paris CDG facility overhaul

FedEx Express is expanding its distribution hub at Paris-Charles de Gaulle (CDG) Airport with a €200 million investment in technology and automation, and a €1.2 billion, 30-year lease. The 30-year lease underscores the long-term importance of the European Union to the company’s long-term plans. Once completed, FedEx said the upgrade will increase sorting capacity by […]

Mercedes-Benz, Matternet enter last-mile ‘van + drone’ delivery race [VIDEO]

The competition for low-cost last-mile solutions just heated up with the announcement by Daimler AG today that it is partnering with U.S.-based drone startup Matternet to develop drones for its delivery vans. The German auto giant will invest US$562.75 million over the next five years designing electric, networked van-drone-hybrid combos. The announcement comes less than […]

DP-DHL looks to cross-border investment for e-commerce growth

One would be hard-pressed to name a market expanding more rapidly than cross-border e-commerce, and today Deutsche Post DHL Group’s Post – eCommerce- Parcel unit has unveiled its strategy to construct six new distribution centers and expand two existing centers in the United States to leverage this growing market. By 2020, the value of cross-border […]

FedEx releases strong 2016 numbers, adds to its 767 fleet

FedEx has beaten analysts’ projections for fiscal year 2016, posting a 7.4 percent fourth-quarter rise in revenues to US$13 billion. The latest numbers round out the year’s revenue total to $50.4 billion, an increase of almost $3 billion over FY2015, and an adjusted net income of $3.02 billion, compared to the $2.57 billion figure from […]

TNT grows in Spain to accommodate economic recovery

TNT Express – following its acquisition last month by FedEx – announced plans this week to expand its international express delivery service in Spain, adding 1,300 postal codes to its next day delivery. The company anticipates reaching 90% of Spanish businesses with the expansion. The move is the latest in a series of improvements that […]

RACCA warns of air cargo delays from looming pilot shortage

Americans can expect delivery disruptions in the coming months unless steps are taken to address a growing pilot shortage, according to a recent study conducted by the Regional Air Cargo Carriers Association (RACCA) on behalf of FedEx, UPS and DHL. The report found that carriers connecting small-town America to large package delivery hubs, located in […]

Amazon to have little effect on UPS, FedEx bottom lines

Amazon’s recent entry into the air cargo business may not significantly impact the bottom lines of UPS and FedEx, according to a report released last week by credit rating agency Moody’s. While both carriers are exposed to Amazon, accounting for 7 percent of UPS’ North American volume and 3 percent for FedEx, analysts from the […]

Done Deal: FedEx buys TNT, hubs to remain open – for now

Today FedEx reached the end of its long road to the acquisition of TNT. It also started down the longer, and likely more rocky, road of making that acquisition work. In this analysis from our sister publication, Cargo Facts, David Harris describes how, in the near term, both brands, will remain and the three European […]

ASL finalizes purchase of TNT air operations

The first ripples of the FedEx/TNT deal are about to be felt in Europe with ASL Aviation Group’s announcement today that it has completed the purchase of the airline operations of TNT Express, which includes Belgian subsidiary TNT Airways and Pan Air Líneas Aéreas, based in Spain. ASL also signed a multi-year service agreement to […]

Final hurdle cleared in FedEx/TNT deal

Like a trail of slowly falling dominoes, the regulatory clearance process for FedEx’s US$4.9 billion acquisition of TNT Express has moved from country-to-country, occasionally hitting minor setbacks, until today, when China’s Ministry of Commerce, the last remaining regulatory body to submit a decision, announced its full approval of the deal. “With the approval of the […]

FedEx’s CrossBorder platform makes e-commerce global

Just over a year ago, FedEx Corp. purchased a startup called Bongo International, which helped retail merchants navigate the complex world of cross-border transactions. This week, the Bongo service was vastly expanded and re-launched under the brand FedEx CrossBorder in the company’s latest venture into the rapidly changing world of e-commerce. “Actually, it’s about time […]

Limited freighter flights resume at Brussels

A day after terrorist attacks brought Brussels Zaventem Airport to a standstill, express carriers and forwarding firms at the airport got the green light to resume cargo operations on Wednesday, although flights are being carried out under contingency plans. Passenger flights remain shut down through at least Thursday as authorities continue their forensic investigation, but […]

FedEx-TNT deal gets pushback from UPS in Brazil

Just over two weeks since Brazil’s antitrust agency, CADE (Conselho Administrativo de Defesa Econômica) approved of the planned FedEx takeover of TNT, an appeal has been filed by competitor, UPS.  This could muddy the waters on the US$4.8 billion deal, which so far has been moving forward without objection. FedEx and TNT said, jointly, that […]

TNT strengthens as FedEx takeover gets closer

FedEx is no doubt as happy as TNT with the latter’s fourth-quarter and year-end financial reports, showing the company back in the black. The formerly struggling TNT managed a tidy €19 million profit in Q4 2015, compared with a €137 million loss in the same period in 2014. For the full year, revenue increased by […]
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