Member access

4-Traders Homepage  >  Shares  >  Nyse  >  FedEx Corporation    FDX   US31428X1063

FEDEX CORPORATION (FDX)

64
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

FedEx Corporation : FedEx In Talks To Buy French Express Shipping Firm Tatex

04/17/2012 | 10:39am US/Eastern

FedEx Corp. (FDX) is in talks to potentially acquire Tat Express, a French express-transportation company, as it looks to further its European expansion plans.

Tatex, founded in 1976, has more than 1,000 employees and carries more than 19 million parcels a year, representing an annual turnover of about EUR150 million ($196.6 million).

Express shipper FedEx agreed earlier this month to acquire Opek Sp.z o.o., a privately held Polish shipping company.

The moves come as rival United Parcel Service Inc. (UPS) reached a blockbuster $6.8 billion deal last month for Dutch shipper TNT Express as it sought to strengthen its European operations. Analysts at the time said the bid was a "strategic block" that took away FedEx's most likely entry into the European ground market.

Last month, FedEx said it was reducing capacity in its U.S. domestic express business, where volume slumped 4% in its fiscal third quarter ended Feb. 29. FedEx was slightly more upbeat regarding its international express business, saying metrics have been improving. Volume slumped 1% in FedEx's international priority shipping, although international domestic volume climbed 51%, boosted significantly by recent acquisitions.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; melodie.warner@dowjones.com

React to this article
Latest news on FEDEX CORPORATION
2d ago FEDEX : Donated fire gear returned from Mexico due to shipping error
2d ago FEDEX : Official: No evidence found of shots fired at truck in Miss.
2d ago FEDEX : Great Alaska Aviation Gathering gets green light from FedEx
2d ago FEDEX : Mississippi officials investigate possible second FedEx driver shooting ..
2d ago FEDEX : Combine Solicitation - AUDIO VISUAL MAINTENANCE
2d ago FEDEX : driver shot in Capleville
2d ago FEDEX : Purchases Bongo International
3d ago FEDEX : Management's Discussion and Analysis of Results of Operations and Financ..
3d ago FEDEX : BRIEF: Mailing deadlines near for delivery by Christmas
3d ago FEDEX : Agency reports county-wide holiday burglary 'spike'
Advertisement
Chart
Duration : Period :
FedEx Corporation Technical Analysis Chart | FDX | US31428X1063 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF