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. The offer already has the backing of PostNL (parent company of Whistl, formerly TNT Post) – which is tendering its 14.7% shareholding in TNT Express. In a joint statement, both parties said that the existing employment terms at TNT Express will be respected and TNT Express’ European headquarters would remain in […]
TNT UK has revealed business transformation specialist Marianne Culver as its new MD, replacing Alistair Cochrane who has left the business.
Framptons Transport Services was in rude financial health when it was acquired by Gregory Distribution earlier this year, according to its most recent filing at Companies House.
Ivybridge, Devon-based Kay Transport has bought King Stag (Transport).