Royal Mail plc has announced that its subsidiary, General Logistics Systems (GLS), has agreed to acquire Canadian logistics company Mid-Nite Sun Transportation Ltd – one of the largest independent freight carriers in Western Canada that operates as ‘Rosenau Transport’.
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FedEx and TNT Express have issued a joint statement confirming that to date they have not received a Statement of Objections from the European Commission regarding FedEx’s plans to buy TNT Express.
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Scandinavian postal operator PostNord is set to buy a parcel and logistics company based in Finland.
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Singapore Post has sold off three printing and mailing businesses as it continues to position itself with more of a focus on e-commerce.
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XPO Logistics has entered into definitive agreements with a group of global institutional investors to raise a total of $1.26 billion of equity, which it will use to fund its ongoing growth strategy.
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