TNT

Government, Business

UPS Sues European Union for $2.1 Billion After Botched Veto of TNT Bid

Clemens v. Vogelsang/Flickr

UPS Inc. is suing the European Union for 1.7 billion euros ($2.1 billion) in compensation for damage it claims to have suffered when regulators wrongly vetoed its attempted takeover of parcel delivery rival TNT Express NV.

Aoife White | Bloomberg News
February 26, 2018
TCA

EU Block on UPS-TNT Merger Annulled by Court

Colin McPherson/Bloomberg News

The EU's lower court on March 7 annulled a 2013 decision by the European Commission blocking a planned merger between UPS and TNT Express, two international package delivery services.

March 8, 2017
Business

FedEx First-Quarter Earnings Climb 12.7%

John Sommers II for TT

FedEx Corp. reported net income rose 12.7%, excluding one-time costs, for the first quarter of fiscal 2017 compared with the same period a year ago.

Ari Ashe | Staff Reporter
September 26, 2016
Business

FedEx Completes TNT Acquisition, Starts Asset Integration Immediately

TT File Photos

FedEx Corp. announced it would begin integration of TNT Express assets immediately after completing the $4.9 billion deal that is the buyer’s largest-ever acquisition.

Transport Topics
May 25, 2016
Business

FedEx Sets May 25 for Completion of TNT Acquisition

TT File Photos

FedEx Corp. and TNT N.V., the Dutch package and freight operator, announced their $4.9 billion combination will be completed on May 25, a move that represents the largest acquisition ever for the U.S. company.

Rip Watson | Special to Transport Topics
May 19, 2016
Business

FedEx-TNT Deal Clears Final Regulatory Hurdle

TT File Photos

The biggest acquisition in FedEx Corp.'s 43-year history has cleared its final regulatory hurdle, after the deal received approval from Chinese officials, the parcel delivery company said.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
May 2, 2016
Business

UPS Court Filing Signals Continued Interest in TNT Express

Tim Boyle — Bloomberg News

UPS Inc. signaled its continued interest in Netherlands-based package and freight carrier TNT — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring the Dutch company.

Rip Watson | Special to Transport Topics
April 9, 2016
Business

FedEx, TNT Receive Unconditional European Approval for Merger Plan

TT File Photo

FedEx Corp. and Dutch freight and package operator TNT Express announced that the European Commission has decided that their combination doesn’t raise any competitive concerns and has given unconditional approval to the companies’ $4.9 billion merger, moving the plan a step closer to completion.

Transport Topics
January 8, 2016
Business

Parcel Firms Fined $737 Million for French Price Fixing

Colin McPherson/Bloomberg News

France’s competition watchdog fined parcel delivery services including units of Deutsche Post AG’s DHL, FedEx Corp. and TNT Express NV a combined 672.3 million euros ($737 million) for colluding to increase fees.

Aoife White | Bloomberg News
December 15, 2015
Business

FedEx Tender Offer for TNT Extended to Allow More Regulatory Review Time

FedEx Corp. and TNT Express NV said the tender offer for the Dutch package and express company’s shares has been extended until Jan. 8 to allow more time for completion of regulatory reviews in countries such as China and Brazil.

Transport Topics
November 2, 2015

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