FedEx opens expanded pharma center in Tokyo

The renovation of the TNT Life Science Center in Tokyo has been completed, FedEx said in a statement on Monday. The newly expanded center will provide better logistics services for pharma products used in clinical trials. The larger, more technologically advanced center will allow for shipments by overseas pharmaceutical customers of investigational medication product in […]

FedEx Express opens new facility at Milan-Malpensa Airport

A little over a year since breaking ground in 2015, FedEx Express has opened its new “mini hub” in southern Europe at Milan-Malpensa Airport. In spite of its diminutive nickname, the facility is three times the size of the former FedEx facility, making it the company’s third-largest cargo hub in Europe, behind Paris CDG and Cologne. […]

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 […]

TNT Express to sell airlines to ASL

Turns out the long-discussed rumors were true. Ireland-based ASL Aviation Group has indeed agreed to purchase airline operations currently owned by TNT Express and will continue to operate them on behalf of the merged FedEx-TNT entity, according to a Reuters report. The deal was struck as part of the ongoing FedEx-TNT acquisition process, which is […]

One more regulatory hurdle cleared for FedEx, TNT

The US$4.8 billion acquisition of TNT by FedEx moved one step closer to approval, with Brazilian regulatory authorities giving the transaction its green light. The acceptance period for the deal was extended for two weeks on Jan. 8, following the satisfaction or waiver of the offer condition with respect to these competition clearances. “We are […]

One less hurdle: EU approves FedEx takeover of TNT

Less than two months after U.S. authorities approved FedEx’s takeover of TNT, the European Commission, as expected, has unconditionally approved the US$4.8 billion deal, which was first announced in April 2015.  The commission found that the merged company would not be a threat to competitors Deutsche Post DHL, the number-one parcel service in Europe, followed […]

Is ASL looking to buy TNT Airways?

The ASL Aviation Group has raised its profile as one of the likely candidates to purchase TNT Airways after raising €100 million from two banks as part of the company’s “growth strategy.” As FedEx prepares to take over TNT next year, the former must dispose of TNT’s two owned carriers – TNT Airways and Pan […]

FedEx, TNT merger gets blessing from U.S.

Another hurdle in the FedEx/TNT merger saga has been cleared. FedEx this week received clearance from U.S. authorities that the merger would not violate antitrust laws. The European Union has yet to sign off on the deal, but both companies have received assurances that the EU antitrust regulators would not raise any objections to the […]

Ethiopian Cargo moves from Brussels to Maastricht

Ethiopian Airlines has moved its cargo operations from Brussels Airport (BRU) to Masstricht-Aachen (MST), effective Nov. 1, citing delays on behalf of the Belgian government  to respond to Ethiopian’s request for an extension of Fifth Freedom traffic rights. The carrier had wanted the rights to  fly on to Dubai World Central, Hong-Kong Chek Lap Kok […]

FedEx to expand express capacity in Milan

As it moves forward with its planned takeover of TNT, FedEx Express made moves to strengthen its presence in Europe by launching a US$112 million expansion at Milan Malpensa Airport. The expansion, measuring 115,000 square feet, is scheduled to be completed sometime in mid-2016 and will accommodate the first daily courier connection from Italy to […]

EU throws FedEx/TNT deal a curve

What seemed like a sure deal may not be a slam-dunk after all. According to the Wall Street Journal, regulators in the European Union (EU) have said they may consider demanding concessions, including the selling off of some assets, with regard to the proposed takeover of TNT Express by FedEx Corp. EU regulators could submit […]

TNT awarded five-year contract with Harding

Even with the FedEx takeover pending, TNT continues to make business deals. The European express carrier inked a five-year contract to be the exclusive global carrier, in the air and on the ground, for Harding Safety, which sells and services marine-related equipment, including life boats and rescue boats. TNT will provide express delivery, economy, palletized […]
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