FedEx Acquires TNT Express

FedEx Corporation (FedEx) (NYSE:FDX), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) jointly announce that FedEx 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…

Arrow Teams Hone Risk Management Skills

An event doesn’t have to be catastrophic to disrupt the supply chain, said Tim Kolbus, vice president of global logistics solutions for Arrow Electronics Inc. A recent work slowdown at two of the U.S.’s busiest seaports is a prime example. Even though the event wasn’t deemed a strike, it will take an estimated six months…

IoT a ‘Game Changer’ in Logistics

Although there is always a base of users that want “cool” technology, utility is usually the driver of widespread adoption. The Internet of Things (IoT) is being touted as a solution to many problems, including the interconnectivity of the supply chain. Companies such as E2Open and GT Nexus have developed platforms that allow members of…

Supply Chain Shakes Off Winter Fatigue

After a seemingly interminable winter, manufacturing indexes are finally shaking off the effects of a record cold snap in the U.S. The Institute for Supply Management’s PMI, a leading index of purchasing managers, inched up a bit in March to 53.7 percent. More importantly, the ISM production index, which fell dramatically since the beginning of…

Logistics Providers: ITDS Will Cut Red Tape

Major logistics services providers UPS and FedEx have publically applauded the adoption of the International Trade Data System (ITDS), a  “single window”  through which businesses can electronically transmit  the data required by  U.S. Government agencies to import or export cargo. An executive order on the ITDS was signed last week. Carriers say the ITDS will…

FedEx Expands SenseAware Service

FedEx Corp. (NYSE: FDX) today announced an international expansion for its award-winning SenseAware® service, which enables near real-time visibility into sensitive and high-value shipments. Customers will now be able to monitor shipments throughout an additional 14 European countries and Canada, and on board flights from three additional commercial air carriers: Air France, Cathay Pacific and…

FedEx Sales Up; Rates to Increase

FedEx Corp. reported earnings of $1.53 per diluted share for the first quarter ended August 31, compared to $1.45 per share last year. “Growth in overall demand for our broad global portfolio of solutions drove our improved first quarter results,” said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. “FedEx Express remains…