FedEx Rumored In TNT Buy
Wednesday, July 16, 2008
FedEx Rumored In TNT Buy (Outsourced Logistics)"'No comment' is the rule, but that's no denial that FedEx may be in the market to acquire global express carrier TNT. Here's why the rumor seems likely to be true.
TNT has been conducting an aggressive stock buyback program. At the same time, it was streamlining the organization into a lean, mail and express company with strong road networks supporting it in developing markets. In a sense, it looks very much like the core FedEx Express operation."
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posted by benmcclanahan @ 11:09 AM,
