The industry has broadly welcomed the European Commission’s (EC) decision to drop plans to lift cabotage restrictions, but said it wants the current rules to be more rigorously enforced. Brian Yeardley Continental MD Kevin Hopper said more needs to be done in the UK to ensure foreign operators’ work is being properly monitored, as other EU countries “make it impossible” for the firm to consider taking on cabotage loads without delays or red tape. He said: “We don’t do it, […]
Operators attending Multimodal next week are urged to head over to Think Logistics’ stand, 622, to find out how they can get involved with promoting the sector to young people and assist with the launch of a series of logistics-themed Career Academies later this year.
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 […]
UPS has pulled out of its multi-billion Euro bid to take over TNT Express, almost a year after it first entered into talks with the parcel firm. It hoped the merger would create a €45bn (£37.4bn) logistics giant, increasing the US firm’s presence in the European market. However on Friday (11 January), the European Commission (EC) told both parties that it planned to prohibit the merger. MT.co.uk looks at how the story developed over the year. The merger process began […]