TNT Express “absolutely confident” of EU approval for UPS deal
TNT Express board members said today they were “absolutely confident” that European competition authorities will approve the company’s acquisition by rivals UPS.
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The week that was: 3 August 2012
Summing up the biggest stories of the week from the pages of Post&Parcel, including the US Postal Service historic default, positive signs for TNT Express, and Deutsche Post’s tax problems…
Read MoreTNT Express records improved Q2 with air fleet cutbacks
TNT Express has beaten expectations to record improved results in its second quarter despite increasingly difficult economic conditions, as the company awaits possible takeover by UPS.
Read MoreUPS cuts earnings guidance as Asia hits Q2 performance
Domestic US shipping has driven growth at UPS over the past quarter, but the company has been finding life tougher in Asian exports.
Read MoreEU Commission probes $6bn UPS offer for TNT Express
The European Commission confirmed on Friday that it has opened an “in-depth” investigation into the proposed $6bn acquisition of TNT Express by rivals UPS.
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