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. The EC launched an “in-depth” investigation into the merger, which was announced in April, after it voiced “concerns that the merged entity would face insufficient competitive constraints” if it went ahead. However in yesterday’s statement the companies said while […]
Mergers and acquisitions (M&A) activity in the transport sector throughout the world is predicted to rise for the fourth consecutive year, according to a report from KPMG.
Christmas 2012 was another record-breaking year for parcel carriers, with many reporting volumes that made 2011’s peak seem a simple task. With year-on-year volumes rising every Christmas and the online retail boom not showing any signs of slowing down, how are carriers ensuring they are well prepared for 2013’s peak? Retailers again reported record-breaking internet sales over the festive period. Web sales were up 44% for City Link customer John Lewis, and 11% for Hermes customer Next. Debenhams also saw […]
Meachers Global Logistics has bought the business trade of Southampton-based freight forwarder Kepair and Sea.