Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
The Competition
The Latest FedEx Headlines
FedEx’s $4.4 Billion Acquisition of TNT Has Been a Dud
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 4004824" data-attributes="member: 1"><p><strong>FedEx’s $4.4 Billion Acquisition of TNT Has Been a Dud - Bloomberg</strong></p><p><strong></strong></p><p><strong>The Dutch company was supposed to fuel growth in Europe, but it’s been hard to integrate.</strong></p><p></p><p>FedEx Corp.’s European road trip has turned into a yearslong headache.</p><p></p><p>The parcel-delivery company, historically a laggard in Europe relative to rival <a href="https://www.bloomberg.com/quote/UPS:US" target="_blank">United Parcel Service Inc.</a>, bet big on the region in 2016 with the $4.4 billion acquisition of Netherlands-based <a href="https://www.bloomberg.com/quote/7353130Z:NA" target="_blank">TNT Express NV</a>. Three years later, FedEx is still trying to integrate TNT into its operations. Two veteran executives leading that process have been replaced, and sluggish growth abroad is weighing on FedEx’s results. On March 19, the company cut its fiscal 2019 earnings guidance for the second time in only three months and said it may need to take more drastic cost-cutting actions to mitigate the impact of <a href="https://www.bloomberg.com/news/articles/2019-03-19/fedex-cuts-profit-forecast-again-amid-stubborn-weakness-overseas" target="_blank"> weak international sales</a>.</p></blockquote><p></p>
[QUOTE="cheryl, post: 4004824, member: 1"] [B]FedEx’s $4.4 Billion Acquisition of TNT Has Been a Dud - Bloomberg The Dutch company was supposed to fuel growth in Europe, but it’s been hard to integrate.[/B] FedEx Corp.’s European road trip has turned into a yearslong headache. The parcel-delivery company, historically a laggard in Europe relative to rival [URL='https://www.bloomberg.com/quote/UPS:US']United Parcel Service Inc.[/URL], bet big on the region in 2016 with the $4.4 billion acquisition of Netherlands-based [URL='https://www.bloomberg.com/quote/7353130Z:NA']TNT Express NV[/URL]. Three years later, FedEx is still trying to integrate TNT into its operations. Two veteran executives leading that process have been replaced, and sluggish growth abroad is weighing on FedEx’s results. On March 19, the company cut its fiscal 2019 earnings guidance for the second time in only three months and said it may need to take more drastic cost-cutting actions to mitigate the impact of [URL='https://www.bloomberg.com/news/articles/2019-03-19/fedex-cuts-profit-forecast-again-amid-stubborn-weakness-overseas'] weak international sales[/URL]. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
The Competition
The Latest FedEx Headlines
FedEx’s $4.4 Billion Acquisition of TNT Has Been a Dud
Top