The European Commission (EC) has given the green light to FedEx’s €4.4bn (£3.2bn) bid for TNT Express announced in April last year. In a joint statement issued this morning (8 January) by the two parcel giants, the EC confirmed it had given its unconditional approval to the deal. This follows an investigation launched by the EC in August last year to explore concerns “that on a number of European markets for international express and regular small packaged deliveries, the merged […]
Palletways and TNT Express have won two separate European distribution contracts with Yankee Candle.
TNT Express has appointed Tex Gunning as chief executive after former boss Marie-Christine Lombard resigned in September.
TNT Express has admitted that it is unlikely to hit its profit improvement target for 2015, following an increase in competitive pressures and poor trading conditions in Europe.