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Ethiopian Airlines to begin Istanbul service in April
ADDIS ABABA: March 19, 2019. Ethiopian Airlines is...

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Another profitable year for Lufthansa Cargo
FRANKFURT: March 18, 2019. Lufthansa Cargo has rep...

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Rhenus acquires ‘Best Managed’ Rodair International
TORONTO: March 18, 2019. The Rhenus Group has acqu...

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dnata among DFW community to receive IATA CEIV
DFW AIRPORT, Texas: March 14, 2019. dnata is one o...

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Panalpina Brazil opens dedicated cold chain facility
SAO PAULO, Brazil: March 14, 2019. Panalpina Brazi...

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AF-KLM Cargo world's first adoptee of IATA's DG AutoCheck
SINGAPORE: March 13, 2019. Air France KLM Cargo (A...

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SAS Cargo expands Unilode relationship with digital deal
KASTRUP, Denmark: March 11, 2019. SAS Cargo has ex...

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Pegasus Airlines reports net profit for 2018
ISTANBUL: March 12, 2019. Pegasus Airlines has rep...

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Ethiopian Airlines to begin Istanbul service in April...
Another profitable year for Lufthansa Cargo
Rhenus acquires ‘Best Managed’ Rodair International
dnata among DFW community to receive IATA CEIV...
Panalpina Brazil opens dedicated cold chain facility
AF-KLM Cargo world's first adoptee of IATA's DG...
DHL help desk for start-ups supports Japanese e-tailer...
SAS Cargo expands Unilode relationship with digital deal...
Pegasus Airlines reports net profit for 2018
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FEDEX Liege 2MEMPHIS, TN: May 25, 2016. Fedex Corp. has completed its acquisition of TNT Express for a closing price of €4.4 billion. The result combines the world’s largest air express company with the leading European express road network.

“The timing of this historic event is important, particularly in the current market environment where global e-commerce is growing at double-digit rates,” said Fred Smith, FedEx founder, chairman and CEO. “Adding TNT’s capabilities to our existing world-class suite of services, including GENCO and the recently re-launched FedEx CrossBorder, will further expand the ability of FedEx to support business connections around the world.”

Smith said the acquisition marks the beginning of a new era: “We are proud to celebrate the joining of two iconic companies and the approximately 400,000 team members who are committed to serving customers around the world.

“Over our 43 year history, FedEx has repeatedly reinvented and revolutionized the industry, from the first overnight express service backed by a money-back guarantee to the invention of Internet shipping. And just as we revolutionized the U.S. domestic parcel business through the acquisition and development of what is now FedEx Ground, the acquisition of TNT will change the way customers view FedEx around the world,” Smith continued.

FedEx said it will begin the integration of TNT Express immediately: “The TNT team members bring 70 years of diverse experience, which combined with that of FedEx team members, will make this integration a success,” added Alan Graf, FedEx executive vice president and CFO.

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