UPS’ failed attempt to take over TNT Express left a shadow of uncertainty hanging over the Netherlands-based express carrier. But it has emerged with a clear strategy for success as TNT Express Services UK & Ireland Managing Alistair Cochrane tells Steve Hobson. The proposed takeover – which UPS had said would lead to the disappearance of TNT’s famous orange brand – had left managers and staff uncertain about the future of the company and its services. “Now we are the […]
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
TNT Express chief financial officer Bernard Bot is to step down from his position this year.
With volumes and demand on the up, 2012 has been a year of change for parcel carriers. But adjusting to the increase in demand in a competitive market has been easier for some than it has for others. Motortransport.co.uk looks back at some of the biggest stories in the parcel market during the past 12 months. UPS agrees TNT takeover bid Parcel giant UPS’ planned acquisition of TNT Express was one of the most talked about stories in the parcels […]