UPS has received a statement of objections from the European Commission as part of a competition review of its acquisition of TNT Express. According to UPS the statement of objections addresses the competitive effects of […]
TNT Express is to spend €185m (£145m) improving its European road network during the next four years as part of its strategy to move more by road.
FedEx said it “remains confident” about its proposed takeover of TNT Express despite the European Commission launching what it termed an “in-depth investigation” into the planned acquisition.
TNT Express saw a 13% drop in EMEA operating profit in the third quarter, despite a 3,2% turnover rise, due to “challenging trading conditions in Europe”. The parcel firm, which last week received a statement […]