TNT Express lines up European buyer for its airlines
TNT Express has revealed that ASL Aviation Group is now in place to buy its airlines if its merger with UPS goes ahead.
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EU requires “substantial concessions” to back UPS-TNT merger
Europe’s top competition official said on Friday that “substantial concessions” will be required if the EU Commission is to approve the EUR 5.16bn takeover of TNT Express by rivals UPS.
Read MorePostNL runs fresh delivery trials with letter volumes down 10%
PostNL blamed the Internet today for a sizable 10% drop in its domestic addressed mail volumes, as it revealed its latest financial results.
Read MoreThe week that was: 2 November, 2012
Summing up the biggest stories of the week from the pages of Post&Parcel, with the US East Coast hit by a hurricane, UPS still waiting for approval to buy TNT Express, and Royal Mail expanding its parcel network…
Read MoreUPS extends TNT offer deadline to 28th February
US integrator United Parcel Service has extended its offer deadline for rivals TNT Express up to 28th February, 2013, as European antitrust officials continue to review the EUR 5.16bn acquisition proposal.
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