Former TNT UK and Ireland managing director Alistair Cochrane is to join Parcelforce Worldwide as operations director on 25 April. Cochrane left TNT in 2014 and served as interim project director at support services company Amey. He was with TNT for almost three decades in a variety of roles, serving as MD for four years before being replaced by Marianne Culver. Gary Simpson, MD at Parcelforce Worldwide, said: “Alistair brings with him a great deal of experience from other high-profile roles […]
TNT Express has appointed Maarten Jan de Vries as its new chief financial officer, replacing Bernard Bot later this year.
The transport and logistics sector is set for a flurry of mergers and acquisitions this year, according to advisory firm KPMG, following a year of subdued activity in 2011. Steffen Wagner, European head of transport transactions at KPMG, says: “This year certainly took off to a promising start. Many companies, particularly in the logistics segment, are sitting on full coffers and are ready for increased strategic acquisitions.” He adds that any activity will rely on three main factors: GDP development […]
UPS is due to formally submit its €9.50 per share cash offer for Dutch-owned parcels firm TNT Express tomorrow. The offer has been recommended to shareholders by TNT’s board, with majority shareholder PostNL, which holds nearly 30% of all shares, agreeing to sell its stake under the offer. If agreed, the transaction will create a global logistics firm that generates €45bn revenue per year, with UPS benefitting from an increased presence in Europe, while TNT’s customers will gain access to […]