FedEx Corporation(FDX)- NYSE
  • Thu, Mar. 3, 6:28 PM
    • FedEx (NYSE:FDX) tells U.S. railroad regulators that Canadian Pacific's (NYSE:CP) proposed merger with Norfolk Southern (NYSE:NSC) would lead to poorer service and higher transportation prices, as it adds its name to a long list of shippers opposing the deal.
    • FedEx Freight says in a letter to the Surface Transportation Board that it is "concerned with what the landscape of the railroad industry would be following any potential merger."
    • FDX's concerns echo those of UPS, which wrote to regulators last month that the tie-up would hurt freight rail shippers.
    | Thu, Mar. 3, 6:28 PM | 16 Comments
  • Wed, Feb. 17, 2:04 AM
    • UPS is likely to file an appeal against Brazilian regulator CADE's decision to clear FedEx's (NYSE:FDX) takeover of TNT Express (OTCPK:TNTEY), CTFN reports, saying the move could come as soon as today.
    • According to CADE's agenda, lawyers from the delivery company met up with three Tribunal commissioners last week.
    • UPS, which tried to acquire TNT in 2012, is the only competitor eligible for an appeal, since it's classified as the only "third party" interested in the case.
    • Previously: Fedex-TNT deal gets green light from Brazil (Feb. 02 2016)
    | Wed, Feb. 17, 2:04 AM | 7 Comments
  • Tue, Feb. 2, 4:17 AM
    • Scoring another big regulatory approval, Brazil's antitrust authority has cleared FedEx's (NYSE:FDX) €4.4B proposed takeover of TNT Express (OTCPK:TNTEY).
    • "Once the acquisition is closed, we look forward to the opportunities it will bring to our employees, customers and shareholders in Latin America and across the globe," FedEx Express CEO David Bronczek said.
    • The companies also recently announced unconditional approvals from the United States and the European Union.
    • Previously: FedEx, TNT Express score EU merger approval (Jan. 08 2016)
    • Previously: FedEx and TNT land FCC nod for merger (Nov. 24 2015)
    | Tue, Feb. 2, 4:17 AM
  • Fri, Jan. 8, 6:16 AM
    • FedEx (NYSE:FDX) and TNT Express (OTCPK:TNTEY) have obtained unconditional EU antitrust approval for their proposed €4.4B ($4.8B) merger.
    • "The European Commission has concluded that the deal does not raise any competition concerns," they said in a statement.
    • The deal should catapult FedEx to second place in Europe behind Deutsche Post's (OTCPK:DPSGY) DHL.
    | Fri, Jan. 8, 6:16 AM
  • Nov. 17, 2015, 3:09 AM
    • FedEx (NYSE:FDX) is confident it will successfully take over Dutch peer TNT Express (OTCPK:TNTEY) following a failed bid by rival UPS three years ago, the company told CNBC.
    • "UPS had a different level of concentration of position in the market than FedEx does, so we're very comfortable that our position doesn't create an issue from a competitive standpoint," COO David Cunningham explained.
    • Last month, FedEx and TNT announced that their €4.4B deal won't be challenged by European regulators, clearing one of the biggest hurdles for the acquisition.
    | Nov. 17, 2015, 3:09 AM
  • Oct. 21, 2015, 2:30 AM
    • FedEx (NYSE:FDX) has been informed that it won't be challenged by European regulators over its acquisition of Dutch parcel firm TNT Express (OTCPK:TNTEY), clearing one of the biggest hurdles for its €4.4B deal.
    • Although the companies must still receive approvals from regulators in other countries, the news was an unexpectedly easy pass from Europe's antitrust authorities, which blocked a similar deal between rival UPS and TNT in 2013.
    | Oct. 21, 2015, 2:30 AM | 3 Comments
  • Oct. 2, 2015, 3:35 AM
    • European regulators are considering demanding concessions such as asset sales from FedEx (NYSE:FDX) in order to authorize the company's proposed €4.4B ($4.9B) acquisition of Dutch rival TNT Express (OTCPK:TNTEF), the WSJ reports.
    • FedEx had predicted that the deal would easily receive approval, arguing that it was much different from UPS's (NYSE:UPS) attempts to buy TNT in 2013, which failed because of regulatory objections. UPS's appeal over the matter has been complicating the FedEx-TNT combination.
    • The EU could formally send its concerns to FedEx in a couple of weeks, although it could still unconditionally authorize the deal.
    • Previous
    | Oct. 2, 2015, 3:35 AM | 1 Comment
  • Aug. 14, 2015, 6:24 AM
    • EU antitrust regulators will decide by Jan. 13 instead of Dec. 8 whether to clear FedEx's (NYSE:FDX) €4.4B bid for Dutch rival TNT (OTCPK:TNTEY) after the logistics companies asked for more time.
    • In 2013, the European Commission rejected a TNT bid to merge with UPS arguing it would diminish competition in 15 EU countries.
    | Aug. 14, 2015, 6:24 AM
  • Jul. 31, 2015, 9:47 AM
    • FedEx (FDX +0.3%) will face an extensive review by the European Commission of its proposed takeover of TNT Express (OTCPK:TNTEY).
    • A statement from the EC says it has concerns over the impact on pricing from the two shipping giants combining.
    • The regulator will review the deal for 90 days.
    | Jul. 31, 2015, 9:47 AM | 4 Comments
  • Jul. 14, 2015, 2:25 AM
    • FedEx (NYSE:FDX) is in talks to buy at least 25 more 767 freighters from Boeing (NYSE:BA) for about $5B, Bloomberg reports, stating the shipping company's directors met in Seattle over the weekend to discuss the deal.
    • "We constantly work on aligning our fleet plans with our business needs," FedEx spokesman Jim McCluskey said by e-mail.
    • Marc Birtel, a Boeing spokesman, said the Chicago-based planemaker had no comment.
    • Previously: FedEx close to placing mega Boeing order (Jul. 08 2015)
    | Jul. 14, 2015, 2:25 AM | 2 Comments
  • Apr. 7, 2015, 7:59 AM
    • Shares of FedEx (NYSE:FDX) shoot higher in early trading after the company announces it will buy TNT Express.
    • An acquisition by FedEx of TNT has been the subject of speculation for a long time due to the synergies that are expected to be churned up. A strong U.S. dollar may have been the impetus to get FedEx to pull the trigger.
    • Analysts estimate a combined FedEx-TNT will command market share of 17% in Europe vs. 19% for DHL and 16% for UPS. Most are calling the acquisition a positive move by FedEx.
    • Previously: FedEx to buy TNT Express for €4.4B
    • TNT Express (OTCPK:TNTEF, OTCPK:TNTEY) is +30.5% in Euronext trading.
    • FDX +4.8% premarket in the U.S.
    | Apr. 7, 2015, 7:59 AM | 1 Comment
  • Apr. 7, 2015, 3:24 AM
    • FedEx(NYSE:FDX) has agreed to acquire struggling TNT Express (OTCPK:TNTEF) for €4.4B ($4.8B) in a deal that will give the U.S. company access to the Dutch package-delivery firm's European road network. In return, the latter's customers should benefit from FedEx's global distribution platform.
    • FedEx is offering €8 a share, or a premium of 33% over TNT's close of €6 in Amsterdam on Thursday last week. PostNL (OTCPK:PNLYY), TNT's biggest shareholder, has agreed to sell its 14.7% holding.
    • FedEx hopes to succeed where United Parcel Service (NYSE:UPS) failed two years ago, when the EU moved to block a bid of almost €7B due to antitrust concerns. However, unlike FedEx, UPS already had a significant European presence when it tried to acquire TNT. (PR)
    | Apr. 7, 2015, 3:24 AM | 7 Comments
  • Mar. 20, 2015, 1:59 AM
    • FedEx (NYSE:FDX) has disclosed the prices for two acquisitions it paid for last January and December - $1.4B for third-party logistics provider GENCO Distribution System and $42M for e-commerce platform Bongo International.
    • "These acquisitions will allow us to enter new markets, as well as strengthen our current service offerings to existing customers," FedEx announced in its quarterly report with the SEC.
    • Previously: FedEx buys Bongo International (Dec. 16 2014)
    • Previously: FedEx to buy product-return company Genco (Dec. 15 2014)
    | Mar. 20, 2015, 1:59 AM
  • Dec. 15, 2014, 6:22 PM
    • FedEX (NYSE:FDX) agrees to acquire closely held logistics firm Genco, a specialist in handling product returns as FDX seeks to beef up its e-commerce operations.
    • Financial terms for the transaction are not provided, but FDX says Genco has annual sales of $1.6B and handles more than 600M returned items per year.
    • Retail e-commerce is overtaking the traditional business-to-business deliveries that once drove sales at shipping companies.
    | Dec. 15, 2014, 6:22 PM
  • Jul. 5, 2012, 2:04 AM

    FedEx (FDX) announced yesterday it completed the acquisition of Rapidao Cometa, one of the largest transportation and logistics companies in Brazil. Brazil's "rapidly increasing middle class presents tremendous opportunity for FedEx."

    | Jul. 5, 2012, 2:04 AM
  • May 29, 2012, 8:10 AM

    FedEx (FDX) snaps up Brazilian firm Rapidão Cometa for an undisclosed amount in a deal that it says will bolster its Latin American presence. The company says that it expects the deal to buy the 9K-employee firm to close in Q3.

    | May 29, 2012, 8:10 AM
Company Description
FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. It operates through four segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx... More
Sector: Services
Industry: Air Delivery & Freight Services
Country: United States