TNT Express’s first quarter revenue shrank 4.5 percent to 1.67 billion euros ($2.2 billion) as the Dutch parcel delivery company scaled back international operations to focus on its core European market in the wake of a collapsed takeover bid by its larger U.S. rival United Parcel Service.
TNT
08 Apr 2013
United Parcel Service is appealing the European Union’s decision to block its planned 5.2 billion euro ($6.8 billion) ta
28 Mar 2013
TNT Express has sold its domestic Chinese trucking business, TNT Hoau, kicking off the Dutch delivery company’s stand-alone strategy after a failed $6.8 billion takeover by UPS.
25 Mar 2013
TNT Express said it plans to cut 4,000 jobs, slash costs, slim its aircraft fleet and sell its Chinese and Brazilian operations as it focuses on its core European market following the recent collapse of a planned $6.8 billion takeover by United Parcel Service.
08 Mar 2013
A bill that seeks to raise the de minimis value, the level at which shipments entering the U.S. are free from tariffs, taxes or formal customs procedures, has been introduced in Congress.
25 Feb 2013
The supervisory board of TNT Express has appointed Tex Gunning, 62, as CEO, pending shareholder approval, effective June 1.
18 Feb 2013
TNT Express’s disappointing fourth quarter results revealed little about the future strategic direction the company will take in the aftermath of UPS’s abandonment of its$6.9 billion bid for the Netherlands-based integrator in January.
22 Jan 2013
14 Jan 2013
UPS’s withdrawal of its $6.9 billion offer to buy TNT Express raises what steps the Dutch shipping company will take next to sell its Asian and Latin American ground networks, health care supply-chain operations, and European road and parcel assets.
14 Jan 2013
UPS today said it will withdraw its $6.9 billion offer to acquire Dutch shipping company TNT Express, after competition authorities at the European Commission informed UPS that it would block the arrangement.
30 Nov 2012
United Parcel Service today offered to sell some European assets and grant competitors access to its air freight network
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