Atlas Air Worldwide Holdings, Inc. announced that it has entered into a five-year agreement with FedEx Express to provide it with five B747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021. Peak season flying generally occurs in the month of December and potentially earlier. An agreement to provide five aircraft for the 2016 peak season flying is already in place. “We have worked closely and successfully with FedEx for many years, but this is our first … [Read more...] about Atlas Air to provide peak season lift to FedEx
FedEx
FedEx completes €4.4 billion acquisition of TNT
FedEx Corporation has announced that it has acquired TNT Express. The €4.4 billion acquisition combines the strengths of the companies – the world’s largest air express network and an unparalleled European road network, which will expand the existing FedEx portfolio and reshape the global transportation and logistics industry, FedEx said. FedEx said the integration process of TNT Express will begin immediately, adding that the company's track record of successful acquisition integrations in … [Read more...] about FedEx completes €4.4 billion acquisition of TNT
Brazil quashes UPS appeal over FedEx's TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx's TNT takeover
Brazil quashes UPS appeal over FedEx’s TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx’s TNT takeover
FedEx introduces zero-emission all-electric vehicles in Japan
Marking the first use of all-electric pickup and delivery vehicles in Japan, FedEx Express (FedEx) has announced the introduction of two zero-emission all-electric Nissan e-NV200 vehicles at the Shinsuna station for Tokyo area pickups and deliveries. FedEx also installed an e-NV200 battery charging station at the facility. This goal, a part of the FedEx EarthSmart initiative, will further advance the company’s existing target of improving fleet fuel efficiency by 30 per cent by 2020, from a … [Read more...] about FedEx introduces zero-emission all-electric vehicles in Japan
FedEx announces Asian small business grant winners
FedEx Express (FedEx) has announced the winners of the first-ever FedEx Small Business Grant Contest in Asia Pacific. The contest was open to all for-profit small businesses that met entry criteria around the number of employees in the organisation and the length of time the companies had been established, among others. In October, eligible SMEs were first required to register online andoutline their business plans to go global. Selected finalists then progressed to the final judging stage in … [Read more...] about FedEx announces Asian small business grant winners
