FedEx Corp is seeking to buy Dutch package delivery firm TNT Express for an agreed €4.4 billion ($4.8 billion), aiming to succeed where United Parcel Service failed two years ago when its bid was blocked by competition regulators.
TNT Express, a leading delivery company, has started trials of bio-fuel for its UAE fleet with the help of Lootah Biofuels, a fully owned subsidiary of Dubai-based SS Lootah Group.
This agreement aims at reducing carbon footprints
United Parcel Service said it would drop its 5.2 billion euro ($7 billion) bid for Dutch delivery firm TNT Express on the expectation of an EU veto, a sharp blow that halved the value of TNT's shares within minutes.
TNT SAB Express in Saudi Arabia, one of the world's leading distribution companies, has signed an agreement with Alfanar Electrical Systems for its express services.
Alfanar Electrical Systems is an industrial arm of alfanar specialise
United Parcel Service (UPS), the world's largest package delivery company, is in talks with TNT Express after its Dutch rival rejected a 4.9 billion-euro ($6.45 billion) cash bid, the companies said.
UPS had made an offer of nine euros per
TNT Mateen Express Iraq, a leading business to business express delivery company, has launched its parcel delivery inside the International Zone, formerly known as the Green Zone.
Located in Baghdad city, the International Zone embraces ma
TNT Express, a leading express and mail delivery services company, has expanded its Middle East road network with 30 new trailers.
The logistics firm noted that the country’s imports versus exports have significantly grown in recent years,
Saudi Arabia has achieved 3.22 per cent share of the worldwide logistics services while Germany claimed the first place with 4.11 per cent, said a top official.
"Service excellence is a primary concern and serves as the backbone of our gro
TNT was named global ‘Supersector leader’ for ‘Industrial Goods and Services’ (including ‘Industrial transportation’) of the 2009 Dow Jones Sustainability Indexes (DJSI) for the third consecutive year.
These are the conclusions of a
Gulf Air and TNT Express, a leading provider of express delivery services, have signed an agreement which provides incentives to key global partners to boost their cargo traffic volumes.
The agreement, called the Global Incentive Agreement