FedEx Express, a subsidiary of FedEx Corp., will donate its logistical services to transport a giant panda named Bao Bao from the United States to China on 21 February 2017. Working in conjunction with the Smithsonian’s National Zoo, FedEx Express will fly the panda on a direct charter flight non-stop from Washington’s Dulles International Airport to Chengdu, China. Bao Bao, a female panda born in August 2013 at the Smithsonian’s National Zoo, is the offspring of Mei Xiang … [Read more...] about FedEx transports giant panda from United States to China
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FedEx Trade Networks expands in Malaysia
FedEx Trade Networks, a premier international freight forwarder, announced the opening of a new office in Malaysia. Based in Penang, the additional facility highlights the continued expansion of FedEx Trade Networks to meet the growing market demand. “With our network stretching into Malaysia, we are well positioned to proactively respond to customer needs and support them in simplifying the complexities of international shipping,” said Udo Lange, executive vice president … [Read more...] about FedEx Trade Networks expands in Malaysia
Atlas Air to provide peak season lift to FedEx
Atlas Air Worldwide Holdings, Inc. announced that it has entered into a five-year agreement with FedEx Express to provide it with five B747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021. Peak season flying generally occurs in the month of December and potentially earlier. An agreement to provide five aircraft for the 2016 peak season flying is already in place. “We have worked closely and successfully with FedEx for many years, but this is our first … [Read more...] about Atlas Air to provide peak season lift to FedEx
FedEx completes €4.4 billion acquisition of TNT
FedEx Corporation has announced that it has acquired TNT Express. The €4.4 billion acquisition combines the strengths of the companies – the world’s largest air express network and an unparalleled European road network, which will expand the existing FedEx portfolio and reshape the global transportation and logistics industry, FedEx said. FedEx said the integration process of TNT Express will begin immediately, adding that the company's track record of successful acquisition integrations in … [Read more...] about FedEx completes €4.4 billion acquisition of TNT
Brazil quashes UPS appeal over FedEx's TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx's TNT takeover
Brazil quashes UPS appeal over FedEx’s TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx’s TNT takeover