China approves FedEx’s takeover of TNT

FedEx’s 4.4 billion euro ($5 billion) takeover of TNT Express has the final hurdle, having obtained unconditional approval from the Chinese government’s ministry of commerce. Chinese government approval was the final regulatory requirement to overcome, after the European Union and Brazil’s Conselho Administrativo de Defesa Economica both approved the deal earlier this year, despite an appeal […]

TNT reduces losses to 14 million euros

TNT has reduced its losses to 14 million euros ($15.7 million) in the first quarter of 2016 despite revenue dipping 2.2 per cent to just under 1.6 billion euros. Along with reducing losses by 26.3 per cent from 19 million euros in the first quarter of 2015, TNT reduced its operating loss by 90.9 per […]

TNT sells TNT Airways and Pan Air to ASL

TNT Express has agreed to sell airline operations, TNT Airways and Pan Air Lineas Aereas to ASL Aviation Group in the first half of 2016, as a condition of being taken over by FedEx. ASL will take over TNT Airways and Pan Air operations from the moment the sale is completed, and is expected to […]

TNT reduces losses in third quarter

TNT has seen its losses for the third quarter reduce slightly from 56 million euros ($61.7 million) in 2014 to 51 million euros this year with revenue increasing by 2.3 per cent. Revenue for the period increased by 2.3 per cent to 1.6 billion euros. For the first nine months of this year revenue is up […]