UPS is buying Irish express delivery and logistics firm Nightline Logistics Group for an undisclosed sum. The US logistics giant said the deal would move the company into a market-leading position in Ireland, giving it the broadest portfolio in the country and the opportunity to expand its B2C and B2B offerings in Ireland. UPS currently provides both small package and supply chain services to customers in Ireland, offering ground, air and ocean freight solutions. It also operates gateway functions at […]
UPS says its takeover of TNT Express is likely to be completed in the fourth quarter. The US firm says it wants to carry out a what it describes as a ‘Phase II review’, as there are “certain areas that require more time to analyse”. This extended review could take up to 25 weeks to complete, which will mean the initial offer period will need to be extended beyond the original deadline of 31 August, and is now expected to […]
UPS is boosting the number of electric vehicles it runs from its central London depot from 65 to 170, after installing technology that marks the beginning of the end for the combustion engine.
UPS and TNT Express do not now expect their multi-billion euro merger, announced in March, to be completed until early 2013. The operators had originally hoped to seal a deal in the first half of the year, but involvement from the European Commission as regulator scuppered this timetable. Last month the European Commission temporarily suspended the takeover to allow regulators more time to gather information, a process that is ongoing. Despite this UPS and TNT had still expected to complete […]