The transfer of 6,000 Kuehne + Nagel workers to XPO Logistics came as a surprise to the Unite union, but it said it would work to ensure their pay and conditions remained unaffected. The sale of K+N’s UK contract logistics portfolio followed a strategic review of its business and is expected to close in the second half of this year. It includes its drinks, food services, retail and technology operations. The move is separate from the consultation, already in motion, […]
Refrigerated-rental firm Petit Forestier is to buy leasing and rental provider Fraikin in a deal that will create a European player with combined sales of €1.3bn (£1.09bn).
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 […]