The European Commission has launched what it terms an “in-depth” investigation into the proposed acquisition of TNT Express by FedEx. Announcing the move, the EC said it had “concerns that on a number of European markets for international express and regular small packaged deliveries, the merged entity would face insufficient competitive constraints” if the takeover went ahead. “This could lead to higher prices for business customers and consumers,” it added. FedEx originally announced its intention to take control of TNT […]
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.
MT Top 100 company Seafield Logistics has been placed into administration.