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 […]
UPS is set to acquire TNT Express NV in a deal that will create a €45bn (£37.4bn) global logistics firm. The deal values the Dutch firm at approximately €5.16bn, following its increased offer of €9.50 per ordinary share. UPS says that in acquiring TNT it will fulfill its long-standing aim to expand its European operations. According to the Motor Transport Top 100 the combined business will generate a UK turnover of approximately£1.3bn – placing it level with Wincanton as the […]
The TNT Express brand will remain intact following its €4.4bn (£3.4bn) acquisition by FedEx, which was completed this morning.