UPS has not said whether it will seek damages following the ruling.
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TNT Express
TNT Express
TNT Express in 2016 was acquired by FedEx, creating the second-largest operator in the European Union express shipping market with a market share of 17 percent. DHL is the largest express operator in the EU with a market share of 19 percent, and UPS is the third-largest with a 16 percent market share.
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Dec 3, 2020 4:00PM EST
Dec 10, 2020 2:00PM EST
Press Releases
21 Sep 2016
TNT's European road network, and its ability to handle profitable palletized freight, will be important to FedEx as it integrates global express operations.
20 Sep 2016
FedEx raised revenue, profit in its first quarter as owner of TNT Express, despite integration costs following acquisition.
25 May 2016
Ireland-based ASL Aviation has sealed the acquisition of TNT Express’s two cargo airlines.
18 May 2016
FedEx Wednesday declared its offer for TNT Express unconditional.
25 Apr 2016
TNT Express narrowed its net loss in the first quarter to 14 million euros ($15.8 million) from 19 million euros a year ago as it prepares to be taken over by its larger U.S. rival FedEx.
16 Feb 2016
TNT Express returned to the black in the fourth quarter of 2015 as strong growth in European revenues more than offset declines in Brazil and China and its restructuring program gained momentum.
08 Jan 2016
EU antitrust regulators today unconditionally approved FedEx’s 4.4 billion euros ($4.75 billion) acquisition of TNT Express.
22 Dec 2015
ASL Aviation Group has signed two loans for $110 million, refueling speculation the Ireland-based group is preparing a bid for TNT Express’ freighter airlines ahead of FedEx’s takeover of its small Dutch rival.
15 Dec 2015
France’s competition regulator has fined 20 parcel delivery companies, including FedEx and DHL Express, a total of 672 million euros ($739 million) for colluding over fuel surcharges.
26 Oct 2015
TNT Express, the Dutch parcel delivery company being acquired by its larger U.S. rival FedEx, almost halved its third-quarter operating loss but remained under pressure from economic volatility in Australia, Brazil and China.
21 Oct 2015
European Union antitrust regulators will not challenge FedEx’s 4.4 billion euros ($5 billion) acquisition of TNT Express, the companies said.
05 Oct 2015
TNT Express said its third-quarter operating profit will be “materially lower” than last year due to economic volatility in China, Brazil and Australia.
23 Sep 2015
TNT Express has launched a road service connecting Georgia to Moscow in a bid to cut up to 48 hours of transit time for shippers using the company’s European road transit service to reach the Russian capital.
03 Aug 2015
FedEx and TNT Express said they still expect to merge in the first half of 2016 despite the European Commission’s decision to launch an in-depth investigation of the US firm’s 4.4 billion euro ($4.8 billion) acquisition of its smaller Dutch rival.
31 Jul 2015
The European Union has opened an investigation into FedEx’s efforts to acquire TNT Express on the grounds that there would be insufficient competition in the market.
27 Jul 2015
TNT Express posted a 6.2 percent increase in second-quarter revenue, driven by a stronger dollar and growing business from small and medium-sized customers.
20 Jul 2015
The European Shippers’ Council adamantly opposed UPS’ proposed takeover TNT Express, but the group has no qualms with FedEx buying the ailing parcel provider for $4.8 billion.
29 Jun 2015
FedEx has formally asked European Union competition regulators to approve its 4.4 billion euro bid ($4.9 billion) for TNT Express two years after they rejected a planned 5.2 billion euro takeover by its U.S. rival United Parcel Service.
28 Apr 2015
TNT Express posted an operating loss and shrunken comparable revenue in the first quarter, warning that it faced tough times in the run-up to its planned acquisition by larger U.S. rival FedEx in 2016.
07 Apr 2015
After FedEx Corp. unveiled a $4.8 billion deal to acquire Dutch company TNT Express this week, the immediate focus was on how the merger would significantly boost the U.S.-based company’s footprint in the European express market.
07 Apr 2015
TNT Express said it will open talks shortly with potential buyers of its cargo airlines following FedEx’s agreed 4.4 billion-euro ($4.8 billion) takeover.
07 Apr 2015
FedEx Corp. on Tuesday unveiled a €4.4 billion ($4.8 billion) agreed takeover of TNT Express, two years after European regulators shot down United Parcel Service’s bid for the Dutch company.
17 Feb 2015
TNT Express slumped to a 137 million euros [US $156 million] net loss in the fourth quarter of 2014 from a 32 million euros profit in the same period in 2013, driven mainly by restructuring charges tied to an abortive takeover bid by its larger rival, UPS, two years ago.
26 Nov 2014
A combination of manufacturing migrating from China to its Southeast Asian neighbours and improving road infrastructure is set to grow cross-border trade, despite the import and export of containers taking up to three weeks in some countries.
24 Sep 2014
TNT Express today issued a profit warning for 2015 because of tough trading conditions in Europe.
28 Jul 2014
TNT Express today posted improved second-quarter results, driven by an ongoing restructuring program, cost cuts and a continued recovery at its previously loss-making Brazilian business.
16 Jul 2014
FedEx, TNT Express and the U.K.’s Royal Mail are being investigated by French regulators over alleged anti-competitive behavior in the country’s parcel delivery market.
29 Apr 2014
TNT Express posted lower revenue and operating income in the first quarter on a mix of adverse currency movements, the sale of its domestic Chinese business and the pruning of unprofitable contracts.
30 Jan 2014
TNT Express today announced it will retain its domestic delivery operation in Brazil following the termination of talks with potential bidders for the business.
28 Oct 2013
TNT Express posted a 25 percent year-over-year decline in third quarter profit on 6.6 percent lower revenue...
22 Oct 2013
TNT is determined to claw back ground lost in Asia during the protracted negotiations of its sale to UPS.
27 Aug 2013
TNT Express is planning to sell its European fashion supply chain unit as part of a restructuring triggered by the collapse of a $6.9 billion takeover by UPS.
10 Jun 2013
The Express Association of America, representing DHL, FedEx, TNT and UPS, has formed an export committee to manage policy issues affecting the efficiency of their supply chains that move products out of the U.S.
29 Apr 2013
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.
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