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 […]
Rico has bought a majority shareholding in air freight distribution carrier Circle Express as part of a “strategic acquisition” plan.
CitySprint has acquired all operations at Woking-based Eagle Express Worldwide Couriers. Its same-day, international and UK overnight operations were acquired by CitySprint on 8 December, taking its network to 35 depots and 2,000 couriers. It will be transferred over to the CitySprint brand later this month. CitySprint said the transition will be seamless for Eagle Express’ customers and it will continue to be serviced by the same staff at the same depot in Old Woking. Chief executive Patrick Gallagher said: […]
Baby and nursery retailer Kiddies Kingdom is looking for “multiple” transport partners as it announces the opening of a new distribution warehouse in Dewsbury off the back of an online sales surge.