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 has pulled out of its €5.16bn offer for TNT Express – in a deal that would have created a business with a combined annual turnover of £1.3bn in the UK – blaming European Commission (EC) concerns with the acquisition. The proposed merger is expected to be prohibited by the EC, the parcel giants warned in joint statements this morning (14 January). TNT said UPS sees “no realistic prospect” that it will receive EC clearance and will formally terminate the […]
Operators are calling for action against a rise in clients demanding extended credit terms, MT 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.