TNT Express is still processing parcels manually nearly a month after it was hit by a worldwide cyber attack, and has predicted it may not be able to recover the data lost in the incident. The FedEx-owned operator was hit with the NotPetya encryption virus on 28 June. In a trading update on 17 July, FedEx said the virus hit TNT operations in Ukraine, thought to be the target of the attack, which allowed it to access the business’s data […]
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 […]
Union Unite remains optimistic that most of the jobs under threat as a result of a restructure at TNT Fashion Group UK can be saved, regional officer Nick Halton told Motortransport.co.uk after an initial consultation meeting with the company.