FedEx UK made four acquisitions totalling £13.8m in the past 10 months – but has declined the opportunity to say why. The acquisitions are noted as events that took place after the closure of the most recent financial year at the UK arm of the international express delivery giant on 31 May 2016. On 3 June 2016 it acquired 100% of Roseglen Enterprises for £1.9m. Companies House describes the activities of the firm as “postal activities under universal service obligation”. […]
A combination of organic growth in its same-day distribution business and the acquisition of six companies last year helped courier firm CitySprint increase its turnover.
FedEx said it “remains confident” about its proposed takeover of TNT Express despite the European Commission launching what it termed an “in-depth investigation” into the planned acquisition.
Since joining FedEx Express in 1995, Trevor Hoyle (pictured) has seen both the parcels industry and the way the company operates change dramatically, especially with the internet bringing new challenges. As he steps up to his new role as vice president, operations UK and Ireland, for FedEx Express and FedEx UK, the company is continuing to streamline its business and bring together the two separate operations that it has been formed of since the acquisition of domestic express carrier ANC […]