March 2017 figures for the Budapest Airport were a record 11,536 tonnes of cargo, up 33.3 per cent on the same month last year, including 7,864 tonnes of airfreight, up 20 per cent on March 2016. In total, 30,060 tonnes of cargo was handled at the airport in the first quarter of 2017. The record tonnage comes as the Hungarian capital’s hub nears completion of a new warehouse and office complex for DHL Express and TNT Express, part of its HUF50 billion (EUR160 million) “BUD:2020 … [Read more...] about Budapest airport sets cargo records and prepares to open new express facilities
TNT Express
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
Virgin Australia, TNT do contract on domestic cargo
TNT Express awarded what is expected to be a US$575 million, five-year contract to Virgin Australia for domestic cargo transport which has prompted Virgin Australia to wet lease three freighters for the job. Beginning in July of this year, Virgin Australia will uplift TNT’s freight on its domestic network, as well as on the newly-leased freighters. Virgin Australia’s network currently extends to 47 destinations within Australia and offers connectivity to 17 international destinations within … [Read more...] about Virgin Australia, TNT do contract on domestic cargo
No EU antitrust objections to €4.4 billion FedEx, TNT merger
European Union antitrust regulators have found no objections to FedEx's €4.4 billion (US$5 billion) acquisition of TNT Express, the two companies said on Tuesday. "FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016,” the companies said in a joint statement. With a European market share of 17 per cent, the combined company would be Europe's … [Read more...] about No EU antitrust objections to €4.4 billion FedEx, TNT merger
FedEx’s acquisition of TNT Express enters Phase II review
FedEx Corp. has confirmed today that the European Commission has initiated a Phase II review in connection with FedEx's intended public offer to acquire all the issued and outstanding shares of TNT Express N.V. This is the next step in the process where the European Commission conducts an in-depth analysis under the EU Merger Regulation before coming to a decision. The transaction is also being reviewed by other antitrust agencies, including the Ministry of Commerce (MOFCOM) in China … [Read more...] about FedEx’s acquisition of TNT Express enters Phase II review
Updates on offer by FedEx for TNT
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
