The European Commission has launched what it terms an “in-depth” investigation into the proposed acquisition of TNT Express by FedEx. Announcing the move, the EC said it had “concerns that on a number of European markets for international express and regular small packaged deliveries, the merged entity would face insufficient competitive constraints” if the takeover went ahead. “This could lead to higher prices for business customers and consumers,” it added. FedEx originally announced its intention to take control of TNT […]
TVS Supply Chain Solutions has acquired same day courier and technology company Rico Logistics for an undisclosed sum. TVS, which specialises in supplying spare parts to the automotive industry – including Isuzu Truck, MG Motor and Dennis Eagle – has an annual global turnover of six billion dollars and has acquired Rico Group as part of its European expansion plan. It has acquired the majority shareholding of Rico Group, whose services include a same day courier service throughout the UK […]
Parcel carrier manager Global Freight Solutions (GFS) has won a deal with high street retailer New Look to manage delivery of its ‘click and collect’ orders.
The Driver and Vehicle Standards Agency (DVSA) – also still known separately as the Driving Standards Agency and Vosa – has said it is not surprised that under 10% of respondents to its recent Driver CPC consultation felt the new qualification had significantly improved road safety.