UPS says its takeover of TNT Express is likely to be completed in the fourth quarter. The US firm says it wants to carry out a what it describes as a ‘Phase II review’, as there are “certain areas that require more time to analyse”. This extended review could take up to 25 weeks to complete, which will mean the initial offer period will need to be extended beyond the original deadline of 31 August, and is now expected to […]
The European Commission has launched what it terms an “in-depth” investigation into the proposed acquisition of TNT Express by FedEx.
Unite says it is currently considering its course of action after talks with UPS earlier this week were unsuccessful.
TNT UK has placed an order for 192 aerodynamic box trailers with Cartwright.