FedEx Corp. and TNT Express issued a statement assuring stakeholders the companies are making 'timely' progress on preparations for FedEx’s acquisition of TNT. FedEx said it expects to submit a request for review and approval of its offer document to the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten, AFM) before 30 June, the date a request for approval must be submitted under Dutch law. In addition, FedEx and TNT Express confirm that … [Read more...] about Updates on offer by FedEx for TNT
Courier & Mail
XPO Logistics to buy Norbert Dentressangle
XPO Logistics is set to buy a majority interest in France-based logistics company Norbert Dentressangle and launch a tender offer for the remaining shares. Headquartered in Lyon, Norbert Dentressangle has 662 locations and approximately 42,350 employees. In a statement released on 28 April, XPO said that Norbert Dentressangle’s transportation and logistics services complement XPO’s offerings in contract logistics, freight brokerage and global forwarding. The total … [Read more...] about XPO Logistics to buy Norbert Dentressangle
Swiss WorldCargo to test drone deliveries
Drones will soon be used to deliver packages in Switzerland as part of a pilot project by Swiss Post. Tests are already underway in the US in a collaboration with Swiss WorldCargo, using drones by California manufacturer Matternet, a firm primarily focused on developing airborne options for health care in developing countries. The goal of the pilot project in Switzerland will be to test the potential of the technology, said a Swiss Post spokesman. Mountain deliveries are … [Read more...] about Swiss WorldCargo to test drone deliveries
David Cels Returns to DHL Global Forwarding
DHL Global Forwarding has appointed David Cels as country manager, Papua New Guinea. He is returning to DHL after one year as a logistics consultant in the industrial projects sector. In his new role, Cels will be based in Port Moresby, Papua New Guinea, and will report directly to Tony Boll, CEO, DHL Global Forwarding South Pacific. Tony Boll, CEO, DHL Global Forwarding South Pacific, said: "The South Pacific is a high growth region for DHL Global Forwarding, and we are very excited to have … [Read more...] about David Cels Returns to DHL Global Forwarding
PEMCO delivers B737F to China Postal
PEMCO World Air Services (PEMCO) has redelivered its latest B737-300F (MSN28158) to Beijing-based China Postal Airlines EMS (CPA), the fourth passenger-to-freighter conversion under the current five-aircraft agreement. All four PEMCO freighter conversions to date have been performed at STAECO’s Jinan Shandong China facility. PEMCO and STAECO have partnered on approximately 50 B737-300 and B737-400 freighter modification projects since 2006. “It gives our entire team at PEMCO … [Read more...] about PEMCO delivers B737F to China Postal
KFIA launches cargo clearance facility
King Fahd International Airport (KFIA) officially unveiled its "Cargo Village". The launch event was presided by His Royal Highness, Prince Saud bin Naif, governor of the Eastern Province of the Kingdom of Saudi Arabia. The Cargo Village is spread over half a million square metres. Over 70 per cent of goods bound for the Gulf region is destined for the Kingdom. The Cargo Village positions KFIA as a multi-modal shipment and clearance destination, directly serving the Eastern Province and the … [Read more...] about KFIA launches cargo clearance facility