FedEx and TNT are one step closer to their merger after a joint statement from the companies said they did not expect to receive a statement of objections from the European Commission, which might have slowed or even vetoed the deal. The EC launched an “in-depth” investigation into the merger, which was announced in April, after it voiced “concerns that the merged entity would face insufficient competitive constraints” if it went ahead. However in yesterday’s statement the companies said while […]
Which companies have won the most Motor Transport Awards? Well, just three companies have got into double figures. Read on to find out… TNT TNT, in all its forms, has won 32 MT trophies, including a record six victories in the Customer Care category and a record seven in the Training category. It has won in 12 different categories, starting with Marketing Campaign of the Year in 1986 and culminating in Training in 2011. For all its success, TNT only […]
Rhenus Group has expanded its UK presence with the purchase of Palletforce member RCS Logistics.
The European Commission (EC) said the aborted UPS and TNT merger would have increased prices and would not have been challenged enough by other carriers. The regulator officially blocked the merger from taking place on 30 January, claiming it would have restricted competition for express delivery between European countries in 15 nations. It also said that the acquisition would have reduced the number of “significant players” to two in some countries, which it claimed would have “likely harmed customers by […]