The TNT Express brand will remain intact following its €4.4bn (£3.4bn) acquisition by FedEx, which was completed this morning. FedEx’s European HQ, FedEx Europe president and newly appointed TNT CEO David Binks said the company planned to “make appropriate use of the excellent TNT brand for the near future”. Binks added: “This is an acquisition that assumes we will grow the business. We will work diligently to avoid any significant reductions, either in the Netherlands or globally.” FedEx first announced […]
Clipper Logistics has bought warehouse and distribution business Tesam Distribution for £11m.
Union Unite remains optimistic that most of the jobs under threat as a result of a restructure at TNT Fashion Group UK can be saved, regional officer Nick Halton told Motortransport.co.uk after an initial consultation meeting with the company.
Abbey Logistics has bought the complete share capital of bulk liquid food operator Armet Logistics, creating a business with a combined turnover of £70m.