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#INTHEAIREVERYWHERE |
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| Vol. 14 No. 31 | Monday
April 13, 2015 |
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| FedEx Ignites
TNT
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 The
proposed takeover of TNT Express by Fed Ex would not take place until 2018,
but it comes as the big integrator rides a strong dollar and tries to do
what UPS couldn’t.UPS had tried a similar deal in January 2013 but stumbled against anti-trust challenges. Recently FedEx has been on the acquisition trail again, having just completed integration of Pittsburgh-based GENCO, a third-party logistics (3PL) services provider specializing in product lifecycle and reverse logistics. The €4.4 billion ($4.8 billion) deal was announced last Tuesday. Troubled TNT has recently turned into an annual loser, booking its fourth consecutive year of losses in 2014. Its numbers were dragged down by Europe, where it earns the majority of revenues. But what FedEx wants is TNT’s 12 percent market share and huge ground network of 40 countries to help Big Purple make up some market share against its bigger U.S. rival. Currently, UPS has about 25 percent of the European market versus FedEx’s 10 percent. Sabiha Arend |
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