The European Court of Justice (ECJ) has ruled that the European Commission in Brussels infringed UPS’ rights when it stopped the US express parcel and logistics giant from buying Dutch firm TNT Express in 2013 for €2.2billion reports aircargonews.net.
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FedEx Express and Flying Cargo Group are pleased to announce that after nearly 30 years of close cooperation providing International Express transportation services to the Israeli market, they have reached a conditional agreement under which FedEx Express will acquire the International Express business of Flying Cargo Group in Israel.
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PostNL has reported “solid” results for the second quarter (Q2) of 2016, with stable revenues and parcel volumes up by 16%.
Read MoreA report on the M&A online news service CTFN has suggested that UPS could file an appeal against the decision by Brazil’s regulator CADE to approve FedEx’s merger with TNT Express.
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Brazil’s Conselho Administrativo de Defesa Econômica (CADE) has given its unconditional approval of FedEx’s intended acquisition of TNT Express.
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