FedEx Express will be using TNT’s European road network to improve the efficiency of its intra-Europe economy shipments. It's part of a move towards more fully integrated operations.
FedEx acquired TNT Express in 2016, looking to expand its presence in Europe. TNT suffered a setback in 2017 when it was hit by the NotPetya ransomware attack, which took down its IT operations and led to ongoing problems that ultimately impacted FedEx’s bottom line.
TNT Express has continued to operate under its own brand. However, the new steps towards integration, which will improve transit times for roughly 40% of FedEx’s existing routes, will see some TNT couriers driving co-branded vehicles.
“This is an exciting development for our customers and our team members, as the benefits of integration are coming to life through a faster, more comprehensive services for businesses trading within Europe,” said Bert Nappier, president of FedEx Express and CEO of TNT.
“Through integration with TNT we are building Europe’s premier logistics business, and the integration of our economy networks takes us one step closer.”
The changes will be coming to effect in Germany, the UK, Poland, Spain and the Benelux.
Source: Post & Parcel
Header image: Sander Weeteling