JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
FedEx has made an offer to acquire TNT Express, valuing the business at €4.4bn (£3.2bn), in a deal that both parties describe as having a high level of certainty.
Same day courier firm CitySprint has completed its third acquisition this year with its purchase of Enfield-based The Courier Service.
Panther Warehousing has acquired West Yorkshire-based two-man delivery company Hi-Way Express Home Delivery for an undisclosed sum.