The Wall Street Journal provides the lowdown on FedEx’s first interim results since it completed its acquisition of TNT Express. Revenues and profits were both up – the former boosted by the addition of TNT Express, while the latter was affected by continuing losses at the previously Dutch company. FedEx’s senior management said the integration process of TNT Express, which is set to significantly increase FedEx’s market share in Europe, was likely to take another four years and cost up to $800 million, but would begin positively contributing to FedEx’s profits by the end of 2018.

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