TNT Express: our future is still bright


 

TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]