Monthly Archives: March 2012


UPS to buy TNT

Parcel-delivery giant UPS has agreed to buy TNT Express for US$6.8 billion. Negotiations began in February, when UPS made an unsolicited offer of US$6.5 billion. Although that offer was rejected, negotiations continued, culminating in the deal announced on 19 March. Integration of TNT’s network into UPS’ operations is expected to […]

CityJet fined

Irish Avro RJ85 operator CityJet was found to have violated French labor laws by paying its employees under Irish contracts between 2006 and 2008 even though they lived and worked in France. The court fined CityJet EUR100,000 and ordered it to pay EUR637,380 to the French social security collection organization […]