The week that was: 11 May 2012
Rounding up the top stories of the week in the mail and express industry, as reported in Post&Parcel, including a change of plans for USPS, plus latest Deutsche Post, PostNL and Pitney Bowes results…
Read MoreTag: TNT Express
PostNL Q1 profits up 400% thanks to TNT share price gains
PostNL has received a big windfall from the UPS offer for its 30% stake in TNT Express even though the sale is not expected to go through until the third quarter of this year.
Read MoreUPS frees up $2bn more cash for TNT Express deal
UPS has toned down its plans to repurchase its stock, as it prepares to shell out $5bn in cash and raise a further $1.8bn in new debt to buy TNT Express.
Read MoreTNT Express improves in Asia and Brazil during first quarter
TNT Express has seen its first quarter of the year turning profitable, as moves for its acquisition by rival UPS continue.
Read MoreTNT Express to offer sameday delivery for Dutch ecommerce
TNT Express is teaming up with Dutch e-commerce fulfillment company Docdata Fulfillment BV to launch new premium same-day delivery services for online purchases in the Netherlands.
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