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 […]
This year’s most read was dominated by the sad demise of national haulier Canute, which never recovered from the end of its long-term contract with retailer Wilko last year.
TNT said it is more certain about its future after the collapse of its multi-billion euro acquisition by UPS last week, despite analysts warning that the industry giant needs to “work out what is going on”. UPS pulled the plug on the €5.16bn (£4.31bn) deal after it became clear that the European Commission (EC) would veto the acquisition, which had been bogged down in EC red tape for the past 10 months, due to competition concerns. UPS said it was […]
Hermes has opened a new 80,000ft² parcel depot at Prologis Park in Hemel Hempstead ahead of its predicted “busiest peak season to date”.