FedEx Completes Takeover of TNT Express
US-based FedEx Corp. completed its €4.4 billion ($4.9 billion) acquisition of Dutch TNT Express, , with integration of the companies to start immediately. The companies say customers will interact with each company as they always have and once the integration is complete, FedEx says they will benefit from an expanded global offering. FedEx chairman and CEO Frederick Smith said the deal combines the world’s largest air express network and an “unparalleled” European road network. “This acquisition is a significant accomplishment and marks the beginning of a new era, filled with promise for our people, customers and shareowners,” said Smith.
ShipVertical, DHL Reinforce Maritime Logistics Coverage
shipment of goods worldwide, to provide online services for the maritime sector. The agreement enables both parties, ShipVertical Internet Group and DHL International, to collaborate in the offering of forwarding services to the shipping industry, to utilize their distribution/sales networks to mutually market their products and services and to develop new products for niche markets jointly. "ShipVertical is continuously adding a logistics support to its marketplace. DHL maintains very strong business leads in Europe, Latin America and Asia. A large number of our customers are based and operate out of these regions. Through ShipVertical…