FedEx's $4.8 billion acquisition of TNT Express made significant progress with the European Commission raising no objections. Expected to close in the first half of 2016, the acquisition will bolster FedEx's competitiveness in the European market, bringing more competitive e-commerce services to consumers and SMEs. This move is poised to reshape the European parcel delivery market landscape.
Stord's acquisition of Shipwire aims to expand its global fulfillment network and accelerate its AI-driven supply chain strategy. This acquisition strengthens Stord's presence in the EU and UK while enhancing its AI capabilities. Shipwire's technology and customer base align perfectly with Stord's existing operations, promising smarter and more efficient supply chain solutions for e-commerce and omnichannel brands. The deal will allow Stord to offer more comprehensive and technologically advanced services to its clients, improving delivery times and reducing costs.
