TNT is still working to recover normal operations more than a week after its IT systems were hit by a wide-scale cyber attack. In a statement, the Fed-Ex-owned group said “TNT continues to implement contingency plans to mitigate the impact of the virus”. The virus hit the operator last Tuesday (27 June), causing disruption to TNT’s operations and communications systems. The operator said there had been no breach of data in the attack. The statement said that it was continuing […]
UPS says it is still in talks to buy rival TNT Express, despite its initial bid on 17 February being rejected by the Dutch parcels giant. “UPS remains in constructive discussions with TNT Express NV regarding a potential transaction to acquire the entire issued share capital of TNT Express,” a statement from the US parcel giant says. A bid of €9 per share was offered by UPS last month, worth €4.9bn, but this was rejected by TNT just five days […]
Major management restructuring in the face of declining revenues at the UK International division of TNT Express has also seen ‘a handful’ of top executives made redundant, Motortransport.co.uk has learnt.
TNT Express UK & Ireland has confirmed around 50% of TNT Fashion Group UK’s dedicated network of distribution sites will be integrated into existing TNT Express sites as part of the DC rationalisation announced in January.