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FedEx Making 'Timely Progress' on TNT Deal

2015-05-01 16:04:27| Air Courier - Topix.net

FedEx Corp. and TNT Express NV on Friday said they are making "timely progress" on their $4.8 billion deal, though the companies said it could take up to a year to gain regulatory approval. FedEx agreed in April to buy Dutch package-delivery company TNT, making an end run around rival United Parcel Service Inc. and positioning itself to capitalize on the growth of e-commerce in Europe.

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Category:Transportation and Logistics

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