The TNT Express brand will remain intact following its €4.4bn (£3.4bn) acquisition by FedEx, which was completed this morning. FedEx’s European HQ, FedEx Europe president and newly appointed TNT CEO David Binks said the company planned to “make appropriate use of the excellent TNT brand for the near future”. Binks added: “This is an acquisition that assumes we will grow the business. We will work diligently to avoid any significant reductions, either in the Netherlands or globally.” FedEx first announced […]
FedEx UK made four acquisitions totalling £13.8m in the past 10 months – but has declined the opportunity to say why.
Ofcom has announced a “fundamental review” into the regulation of Royal Mail, after the withdrawal of Whistl’s final mile delivery service left it without a major competitor in the postal market.