TNT Express

The Daily Dash: Lost opportunity for J.B. Hunt

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, congestion played a role in J.B. Hunt Transport Services posting a worse year-over-year intermodal margin growth than expected. Plus, even preparation sometimes isn’t enough to stop a ransomware attack, and business-to-business activity has rebounded well from early 2020.

Lost opportunity

Congestion and gate restrictions from rail partners hampered J.B. Hunt Transport Services’ (NASDAQ: JBHT) Q4...

https://www.freightwaves.com/news/the-daily-dash-lost-opportunity-for-jb-hunt

Large job losses latest plague on FedEx-TNT Express integration

The Murphy’s Law of transportation integration projects can now add the loss of as many as 6,300 jobs to its dubious legacy.

FedEx Express, the air and international unit of FedEx Corp. (NYSE:FDX), will cut between 5,500 and 6,300 jobs as part of its continued combination of the operations of former Dutch delivery firm TNT Express LLC, the FedEx unit said Tuesday. 

Memphis, Tennessee-based FedEx acquired TNT Express in May 2016 for $4.8 billion. However, the integration process has been hobbled...

https://www.freightwaves.com/news/large-job-losses-latest-plague-on-fedex-tnt-integration

Qantas Freight renews domestic air contract with TNT/FedEx Australia

A white Qantas Freight jet with black and red lettering parked at airport.

TNT Australia, a subsidiary of FedEx Corp. (NYSE: FDX) has signed a new six-year agreement with Qantas Freight, Australia’s largest independent air freight carrier, for domestic freight services in Australia.

The cargo division of Qantas Airways said Thursday it will support FedEx Express moving mining equipment, manufacturing materials, medical supplies and other business-to-business shipments.

Qantas has had a long-standing relationship with both FedEx Express and TNT.

FedEx acquired...

https://s29755.pcdn.co/news/qantas-freight-renews-domestic-air-contract-with-tntfedex-australia

FedEx named as suitor for German parcel company

According to a report in German newspaper Handelsblatt Today, FedEx Corp. (NYSE: FDX) is pursuing an ownership stake in German parcel company Hermes.

The article identified the Memphis-based transportation and logistics giant as the likely suitor to partner with Hermes to expand the company’s parcel distribution service, but listed Amazon.com (NASDAQ: AMZN) and the logistics arm of Alibaba Group (NYSE: BABA) as interested parties.

Hermes competes in major European markets in Germany, France and...

https://s29755.pcdn.co/news/fedex-named-as-suitor-for-german-parcel-company

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