FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid
merger
FedEx seeks EU approval for US$4.9B TNT bid
FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid
AA, US Airways cargo divisions are now combined
The cargo divisions of American Airlines and US Airways have officially combined under a single air waybill. The new entity brings in more than US$800 million each year and moves more than one billion pounds of freight and mail annually. The cargo teams have combined 154 facilities and harmonised products since December 2013, making it the first operations division at the airline to be fully integrated. “Today is the culmination of a lot of hard work by our Cargo … [Read more...] about AA, US Airways cargo divisions are now combined
BDP merges with UGL to boost India business
The Boards of Directors of BDP International (BDP) and Unique Global Logistics (UGL) have announced the integration of UGL into BDP’s operations in a move which will strengthen BDP’s presence in India. BDP is one of the world’s largest privately-owned transport and logistics companies with more than US$2.2 billion in revenue, 4,000 customers globally, and operations in more than 140 countries. UGL is one of the leading project logistics companies in India and is known for … [Read more...] about BDP merges with UGL to boost India business
American, US Airways to use one air waybill
Following the merger of American Airlines and US Airways nine months ago, American Airlines Cargo has announced that it will transition to accepting a single air waybill for all shipments starting 20 October. Jim W. Butler, America Airlines Cargo president, in a statement said “The objective of our integration has been to bring together the expertise, solutions, and teams you’ve relied on from both cargo organisations into the industry’s most customer-focused airfreight … [Read more...] about American, US Airways to use one air waybill
Alitalia names new CEO
Italian flag carrier Alitalia has named Silvano Cassano as CEO of ‘new Atilalia’, which will become effective after it closes a major investment deal with Abu-Dhabi-based carrier Etihad Airways. Cassano has more than 35 years of experience in senior management roles across a number of industries. He has also served as chairman and CEO of Italian shipping company Grandi Navi Veloci, CEO of global fashion brand Benetton Group, CEO of Fiat Auto Financial and Consumer Services, and … [Read more...] about Alitalia names new CEO
