TNT Express has announced the intended sale of its Dutch TNT Fashion Group operation to a consortium formed by Belgian fashion and lifestyle logistics firm Belspeed and Turkish logistics and transport conglomerate Netlog Group. The sale of 100% of the shares in TNT Fashion Group BV, which should be completed by the end of June subject to regulatory approval, reflects TNT Express’s “strategy to focus on core activities”, a company statement said. The change of ownership will not affect TNT […]
The European Commission is not expected to decide until this autumn whether to pursue its infringement case against Germany over the imposition of the German minimum wage on hauliers from other nations, an EC spokesman has revealed.
FedEx and TNT are one step closer to their merger after a joint statement from the companies said they did not expect to receive a statement of objections from the European Commission, which might have slowed or even vetoed the deal.
Scania is to appeal today’s €881m (£771m) fine from the European Commission (EC) over price-fixing, after refuting the findings.