UPS has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]
2016 saw the UK vote to leave the EU, Donald Trump preparing to move into his new house across the pond, and Sadiq Khan introduce unprecedented safety measures for operators working in London. But these headlines aside, 2016 has still been a busy year for the road transport sector. As we approach the end of the hugely eventful 2016, the MT team discuss the year’s key events, Brexit aside, and the things to look out for in the coming months. […]
Clipper Logistics has bought warehouse and distribution business Tesam Distribution for £11m.