TNT UK has placed an order for 192 aerodynamic box trailers with Cartwright. The trailers feature the Cheetah Fastback aerodynamic sloping roof, an aerodynamic aerofoil, and modular side skirts that allow repairs to be done quickly to minimise vehicle downtime. The two parties have worked together to adjust the trailers’ front and rear aerodynamics to ensure that potential damage costs are minimised. The new trailer fleet will feature TNT’s recently launched ‘the people network’ branding. Steve Davis, TNT UK’s national […]
UPS and TNT Express do not now expect their multi-billion euro merger, announced in March, to be completed until early 2013. The operators had originally hoped to seal a deal in the first half of the year, but involvement from the European Commission as regulator scuppered this timetable. Last month the European Commission temporarily suspended the takeover to allow regulators more time to gather information, a process that is ongoing. Despite this UPS and TNT had still expected to complete […]
Profit at TNT UK almost quadrupled in 2012, during a year that put parent company TNT Express under pressure while the proposed takeover by parcel giant UPS was being considered.
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]