Netherlands-based post and parcel firm PostNL – parent company to TNT Post -has sold part of its stake in TNT Express. The company revealed the sale of half of its share in TNT Express last week. It formerly held around 30% of the business’s outstanding share capital. The sale commenced on Friday (6 December) and will close on Thursday (12 December) and PostNL has valued the sale at €507m, approximately €6.20 per share. PostNL has held a 30% stake in […]
Building work for DPD’s £100m East Midlands parcel hub is likely to begin in August, following the granting of planning approval.
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.
Throughout the year, Motortransport.co.uk has bought you the biggest news in the road transport industry. Here we bring you the top 10 most read stories of 2012: 10. Stobart Group in for Autologic with £12.4m cash offer June saw Stobart make its offer for the car transporter firm, which valued Autologic at £12.4m. The deal made Stobart the largest car transporter haulier in the UK. 9. Hermes opens Coventry and Carlisle depots 2012 was a year of expansion for Hermes […]