FedEx Corp. and TNT Express issued a statement assuring stakeholders the companies are making 'timely' progress on preparations for FedEx’s acquisition of TNT. FedEx said it expects to submit a request for review and approval of its offer document to the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, AFM) before 30 June, the date a request for approval must be submitted under Dutch law. In addition, FedEx and TNT Express confirm that … [Read more...] about Updates on offer by FedEx for TNT
EU
TNT starts flights to Tel Aviv
TNT has launched a five-time weekly service between Tel Aviv and its hub in Liege, Belgium. The company said flights would run five times a week, starting this month, using a Boeing 737-400. The new freighter service answers increasing demand and brings several advantages to customers: fixed departure times, guaranteed uplift, later pick-up times in Israel and a smooth connection to TNT’s international road and air networks via Liege. It also allows TNT to shorten transit times for … [Read more...] about TNT starts flights to Tel Aviv
EU port volumes set to slip
European container ports are unlikely to be able to maintain the strong growth rates of the past three decades, Fitch Ratings says. Combined with the trend for ever-larger ships making fewer unloading stops, this makes risks highest for small- and medium-sized ports. These could be drawn into a price war in times of falling volumes, or could miss out on cargo even if they invest to accommodate larger ships. These risks are already factored in to our ratings in the sector. Since 1985 European … [Read more...] about EU port volumes set to slip
IAG Cargo earns GDP cool chain cert
British Airways and Iberia’s cargo division IAG has become the first airline to be awarded accreditation under new EU Good Distribution Practices (GDP) guidelines. The EU published its updated guidelines on GDP in November 2013 and following an inspection by the UK’s Medicines and Healthcare Products Regulatory Agency (MHRA), the airline IAG Cargo has been granted GDP and Wholesale Distribution Authorisation (WDA) for medicinal products. Alan Dorling, global head of … [Read more...] about IAG Cargo earns GDP cool chain cert
Singapore and EU conclude FTA negotiations
The European Union and Singapore have successfully concluded talks on the Investment Protection Chapter of the EU-Singapore Free Trade Agreement (EUSFTA). Once the parties have signed and ratified the agreement, EU exporters will be able to ship any goods to Singapore without paying import duties. The two sides have also granted bilateral access to many service markets. 'The conclusion of this chapter marks a very important step in our partnership with Singapore, strengthening our investment … [Read more...] about Singapore and EU conclude FTA negotiations
PIA cleared to transport cargo to EU
Pakistan International Airlines (PIA) has secured approval for cargo services to the European Union (EU) after being suspended over security fears. PIA found itself caught up in the tough regulation called Air Cargo or Mail Carrier operating into the EU from a Third Country (ACC3), which required carriers to take certain security screening measures by 31 July 2014. The EU tightened security controls on air freight in the wake of a plot to smuggle a bomb hidden in printer toner cartridges on a … [Read more...] about PIA cleared to transport cargo to EU
