TNT profit warning as FedEx deal is okayed by shareholders

default_image

© Khunaspix Dreamstime.

By Alex Lennane

07/10/2015

TNT has issued a profit warning following “materially lower” third-quarter results. But the board secured shareholder approval for the Dutch company’s $4.9bn takeover by FedEx. TNT said it had suffered from economic volatility in Brazil, China and Australia, while it saw reduced margins in its French business.

Comment on this article

You must be logged in to post a comment.

Topics

Express Yourself FedEx TNT

Most read news

DHL Express facilities in Canada forced to shut down by strike

Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz

New Middle East conflict brings airspace closures, flight chaos and oil price worry

Industry concerns rise after yet another box ship on fire off Indian coast

BYD launches logistics subsidiary – and eyes ports and shipping sectors

Return of downward pressure on container spot freight rates

New ocean capacity dump wipes out transpac gains

Shippers wanting a return to Suez should be careful what they wish for

China pushes Cosco participation in consortium eyeing Hutchison buy

A dull airfreight market after front-loading push – carriers desperate for volumes

Congestion at Chittagong as boxes pile up on docks and ships wait at anchor

China+1 acceleration as tariffs drive supply chain rerouting

News in Brief Podcast | Week 24 | Ship fires, geopolitics and DSV drama

Loadstar Leader: Diversification is built-in in forwarding

Eastern Europe trade takes off as new air services generate excitement

Demand for Chinese exports 'a catalyst' for rate increases and port congestion