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 […]
UPS has opened two facilities within the Olympic Park allowing athletes, team officials and the international media the ability to send and receive packages throughout the Games. The first ‘relay room’ will be located within the Olympic Village providing team officials with an outbound service offering packaging, customs advice, security clearance, carbon-neutral shipping and delivery. The second facility will be located on the High Street at the International Broadcast Centre complex and be set up to handle international media firms […]
Pre-tax profit at parcels giant FedEx UK plummeted by more than a quarter last year, the parcels company has revealed.
TNT Express is still processing parcels manually nearly a month after it was hit by a worldwide cyber attack, and has predicted it may not be able to recover the data lost in the incident.