FedEx Corp's €4.4 billion bid Tuesday for TNT Express took the world's last large potential integrator acquisition target off the table, marking a victory in FedEx's battle to gain market share from rival United Parcel Service Inc. In 2013, European regulators blocked a $6.9 billion bid from Atlanta-based UPS, the world's largest package delivery company, for TNT on grounds that the combined companies would have more than 30 per cent of the European market. The transaction would … [Read more...] about FedEx set to buy TNT for €4.4 billion
courier
UPS expects to handle 4 million gift returns
With a record number of consumers shopping online for the holidays, post-holiday returns and exchanges will keep UPS busy right through the new year. UPS National Returns Day is Jan. 6, 2015, when the company expects consumers will ship more than 800,000 packages back to retailers and merchants. By the end of the first full week in January, UPS anticipates transporting 4 million return packages in the United States. "We have successfully completed two of three phases of the Peak holiday … [Read more...] about UPS expects to handle 4 million gift returns
Virgin Atlantic appoints Globe Air Cargo in Dubai
Virgin Atlantic Cargo has appointed Globe Air Cargo as its general sales and service agent in Dubai in a move to simplify its freight and courier express sales for customers in the UAE and take advantage of the Dubai market’s strong growth forecast. The airline carries some 5,000 tonnes a year on its daily flights from Dubai to London Heathrow. As well as the UK market, customers in Dubai use Virgin Atlantic Cargo’s network and fast air and truck connections through London to … [Read more...] about Virgin Atlantic appoints Globe Air Cargo in Dubai
