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FedEx target TNT Express posts fourth consecutive quarterly loss

2015-04-29 04:14:08| Air Courier - Topix.net

A couple of weeks after its acquisition by Memphis-based FedEx Corp. was announced , TNT Express NV reported its fourth consecutive quarterly loss. According to Bloomberg , the company, which reported its first quarter 2015 earnings this week, had a loss of $21 million for the first quarter, compared to net income of more than $2 million in the first quarter of 2014.

Tags: posts express loss target

 

Australian TNT exec on the FedEx deal that almost happened

2015-04-17 13:42:54| Air Courier - Topix.net

While it may have seemed like FedEx Corp.'s acquisition of Dutch carrier TNT Express came out of nowhere, it was actually a 20-year deal in the making. David Mortimer , former TNT CEO, talked with Memphis Business Journal via phone from Sydney, Australia about approaching FedEx in the mid-1990s about buying TNT's European based express freight service GD Express.

Tags: deal happened australian exec

 
 

FedEx's TNT Acquisition: Timing Is Very Suitable

2015-04-16 04:25:04| Air Courier - Topix.net

Earlier this month, FedEx announced that it has agreed to acquire Dutch parcel delivery company TNT Express in an all-cash deal, estimated at 4.4 billion euros or $4.8 billion. Now, the deal awaits a series of regulatory approvals, including antitrust clearance.

Tags: suitable acquisition timing tnt

 

FedEx Likely To Acquire TNT To Expand In European Markets

2015-04-12 00:56:50| Air Courier - Topix.net

FedEx Corp is all set to buy Dutch package delivery firm TNT Express for $4.8 billion, to challenge its rivals in Europe. United Parcel Service and DHL are other major package delivery firms in Europe.

Tags: expand european markets acquire

 

FedEx Likely To Acquire TNT To Expand In European Markets

2015-04-12 00:31:56| Trucking - Topix.net

FedEx Corp is all set to buy Dutch package delivery firm TNT Express for $4.8 billion, to challenge its rivals in Europe. United Parcel Service and DHL are other major package delivery firms in Europe.

Tags: expand european markets acquire

 

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