FedEx Express buys express division of Flying Cargo

FedEx Express has acquired the business and assets of the international express division of Israeli firm Flying Cargo Group. The Israeli Competition Authority granted merger approval for the acquisition on 20 February. Flying Cargo Group provides logistics services, warehousing, fulfilment and distribution in Israel. It provides the services from its own facilities throughout the country […]

FedEx to take over Flying Cargo’s express business

FedEx Express has reached a conditional agreement to acquire the international express business of Israel’s Flying Cargo Group. Flying Cargo provides logistics, warehousing, fulfilment and distribution services in Israel for sectors including e-commerce, return goods and domestic pick-up and delivery, and will continue to own and manage these activities. The acquisition is anticipated to close […]

FedEx Express speeds up services between Europe and Vietnam

FedEx Express is speeding up services between the European Union and Vietnam by connecting Hanoi with its hub in Guangzhou, China. The new route will significantly cut the delivery time between Europe and Vietnam, and substantially improve transit time for all inbound flights to Hanoi. The European Union and Vietnam are finalising a trade and […]

Binks to retire as FedEx Express Europe president, Nappier to take over

David Binks is to retire from his role as FedEx Express Europe president and chief executive officer of TNT, he will be succeeded by Bert Nappier when he goes in June. Binks started with FedEx in 1983 as part of an acquisition in the UK, rose through the ranks, leading FedEx Express teams in Europe, […]