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FedEx Corp. Tuesday announced it will buy European package company TNT Express for $4.8 billion, creating a strong third competitor in the European market.
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TNT Express began using B5 biodiesel as part of a trial program in its fleet in the United Arab Emirates. TNT has partnered with Lootah Biofuels, a subsidiary of S.S. Lootah Group, for this program.
Read More →Netherlands-based TNT Express NV will close its Brazilian and Chinese operations and will let go of 4,000 employees over the next three years, according to a report in "International Business Times."
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