News Snippets

EU approves FedEx acquisition of TNT Express

TNT

The approval had been expected since FedEx said in October that European regulators wouldn’t challenge the transaction. That was seen as an unexpectedly easy pass from Europe’s antitrust police, who had blocked a similar deal between United Parcel Services Inc. and TNT in 2013.

It is welcome news for FedEx, which suffered a black eye over the holidays, as it said last-minute online orders and severe weather resulted in some packages arriving late.

Previous ArticleNext Article