FedEx to buy TNT for $4.8 billion to take on rivals in Europe

Home /
Media

FedEx to buy TNT for $4.8 billion to take on rivals in Europe

Posted on April 07, 2015

Toby Sterling, Thomas Escritt

Reuters

April 07, 2015

FedEx Corp (FDX.N) is to buy Dutch package delivery firm TNT Express (TNTE.AS) for an agreed 4.4 billion euros ($4.8 billion), stepping up the challenge to rivals United Parcel Service (UPS.N) and Deutsche Post (DPWGn.DE) in Europe.

European regulators blocked a 2013 takeover of TNT by UPS due to concerns it would stifle competition, but analysts and executives said on Tuesday FedEx, with its strong air fleet, would complement TNT's sizeable European road network.

Click here to read more at Reuters.

media UPS

Do you like this post?

Get Advice Join TDU Donate

Recent News

Albany Local 294 President Faces Charges

July 06, 2026

The Teamsters Independent Investigations Officer, Judge Timothy Hillman, has recommended that charges be filed against Albany Local 294 President Thomas Quackenbush for illegally converting union funds into thousands of dollars in gifts for its retiring principal officer.

How to Make UPS Do Something About Filthy Fans

July 06, 2026

Our contract campaign at UPS forced the company to install 18,000 new fans inside of buildings. Many of those fans are filthy and just spew dust and dirt around. We can make UPS address the problem by taking union action. Here’s how.

View More News Posts

Members' Rights

Stewards Toolbox