UPS says it is still in talks to buy rival TNT Express, despite its initial bid on 17 February being rejected by the Dutch parcels giant. “UPS remains in constructive discussions with TNT Express NV regarding a potential transaction to acquire the entire issued share capital of TNT Express,” a statement from the US parcel giant says. A bid of €9 per share was offered by UPS last month, worth €4.9bn, but this was rejected by TNT just five days […]
Palletways and TNT Express have won two separate European distribution contracts with Yankee Candle.
TNT Express chief financial officer Bernard Bot is to step down from his position this year.
UPS expects minimal disruption from today’s (22 November) strike at its Camden depot in London, and remains confident an agreement can be reached with Unite.