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By Alex Lennane
Today marks the start of what promises to be a long process of integration, as FedEx completes its €4.4bn acquisition of TNT.
Speaking at a press conference in FedEx’s new European headquarters, in Hoofddorp, Netherlands, David Binks, head of FedEx Europe and now CEO of TNT, stressed that there would be no immediate change to service quality or networks – and hubs would remain.
“This is one of FedEx’s most strategically important acquisitions. It will take time – but that’s right. We ...
Comment on this article
Phil
May 25, 2016 at 2:36 pmGunning talks about “our” Industry ? He has been in “our” industry for 5 minutes and now seems to have the knowledge of what is needed. Him and his management team have failed dismally in transforming TNT over the last few years of his tenure. But he walks away with a multi-million dollar retirement fund ? No wonder he is reall, really happy !