The European Commission (EC) has given the green light to FedEx’s €4.4bn (£3.2bn) bid for TNT Express announced in April last year. In a joint statement issued this morning (8 January) by the two parcel giants, the EC confirmed it had given its unconditional approval to the deal. This follows an investigation launched by the EC in August last year to explore concerns “that on a number of European markets for international express and regular small packaged deliveries, the merged […]
TNT Express UK has opened a 44,349ft² depot in Howden, East Riding, to serve customers in the North East.
UPS and TNT Express have submitted remedies to the European Commission to address its competition concerns, extending the review period further. The submission extends the EC’s review period by 15 business days to 5 February 2013. The proposed remedies involve the sale of the business activities and its assets. UPS needs to ensure the long-term viability of these activities and the continuity of service already provided by TNT Express. In order to receive approval, the EC will market-test the remedies. […]
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.