FedEx Corp. and Netherlands-based TNT Express provided an update on their planned combination, noting “timely progress†on their $4.8 billion deal and saying it could take one year to obtain all regulatory approvals.
May 1, 2015Business
FedEx Agrees to Buy TNT Express for $4.8 Billion
FedEx Corp. and Netherlands-based TNT Express announced a conditional agreement for the U.S. company to buy the package, freight and logistics operator for $4.8 billion.
April 7, 2015Business
Frozen Food Express Reports Second-Quarter Loss
Frozen Food Express Industries reported a second-quarter loss, but its less-than-truckload operations improved.
August 1, 2013Business
WEX Inc.’s First-Quarter Profit Improves
Fleet payment processing company WEX Inc. said its first-quarter profit rose, and the company announced a CEO succession plan.
May 7, 2013Business
Frozen Food Express’ 3Q Loss Narrows
Frozen Food Express Industries said late Wednesday its third-quarter loss narrowed from a year ago, citing high fuel prices and lower truckload volume, though its less-than-truckload operations improved.
November 14, 2012Business
Russell Gerdin Retires at Heartland Express; Son Michael Promoted to Chairman, CEO
Heartland Express announced that Russell Gerdin, founder of the truckload carrier, has retired due to health concerns and passed the chairman and CEO positions to his son, Michael.
September 12, 2011Business
Wright Express Adds Security to Fuel-Tax Reporting System
Wright Express said it has added new security features to its truck-tracking and telematics package intended to prevent abuse of corporate fuel cards and simplify fuel-tax reporting.
April 19, 2011Business
Frozen Food Express CEO to Retire
Stoney “Mit†Stubbs Jr., CEO of Frozen Food Express Industries, will retire Monday, the company said.
February 24, 2011Business
Wright Express Reports Higher 4Q Profit
Wright Express Corp.’s fourth-quarter profit grew to $18.6 million, or 47 cents per share, compared with $12.1 million, or 31 cents, a year ealier.
February 14, 2011Business
Wright Express Reports Decline in 3Q Profit
Wright Express Corp.’s third-quarter profit fell to $20.6 million, or 53 cents per share, compared with $23.4 million, or 60 cents, a year ago.
November 4, 2010