![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUKING INDUSTRY NEWS * USA - TNT, FedEx and UPS's affairs
* UPS rumoured to be planning $15bn bid for TNT
Atlanta,GA,USA -Transport Intelligence (London,UK), by Mike Nordmann -11 Aug 2008: -- Newspaper reports in Britain are suggesting that US global express giant UPS is preparing to make a bid for European rival TNT. Without citing any hard evidence, the reports indicate that Atlanta-based UPS will offer €10bn or $15bn. Both companies have declined to comment... The source for the latest rumours about Netherlands-based TNT is undisclosed. However, managers within UPS have indicated 'off the record' to Transport Intelligence over the past several weeks that a bid for TNT was likely...* Analysis: TNT, FedEx and UPS - too large a story to ignore
London,UK -Transport Intelligence, by Joel Ray -15 Aug 2008: -- The potential acquisition of TNT by US global express giants UPS or FedEx is the biggest story in logistics for many years... To date, the stories suggesting either or both US companies are interested in acquiring Netherlands-based TNT have been long on speculation and short on facts or public confirmation from any of the parties concerned. However, it is very likely that the rumours do have some substance. So the big questions are − what is the likelihood of any such deal eventually happening and what would be the logic behind it?... Certainly, the topic has been discussed for a number of years. The trigger for that was the problems TNT encountered between 2000 and 2006. Poor returns led to the sale of the logistics business, later renamed CEVA. Previously, TNT had been perceived as one of the world's leading express parcel operators, with the opportunity to build both European and global businesses. After 2006, TNT looked vulnerable...Labels: trucking industry news USA
posted by Unknown @ 3:06 AM
0 Comments:
Post a Comment
<< Home