FedEx

FedEx Ground Package System Inc has agreed to pay drivers in 20 states $240 million to settle lawsuits claiming the second-largest U.S. parcel delivery company misclassified them as independent contractors, it said on Thursday.

Drivers for FedEx Ground Package System in 20 states will receive $240 million from FedEx to settle lawsuits that claim FedEx misclassified them as independent contractors, according to a Reuters report.

Ever-changing regulations are making it risky for U.S. companies engaged in cross-border trade endeavors, however, savvy shippers are paying better attention to the details and are finding solutions that save time, money and frustration.

How small and medium-size online businesses can go global - a Forrester Consulting thought leadership paper commissioned by FedEx.

With FedEx being successful in acquiring TNT Express, David Bronczek, President and CEO, FedEx Express, David Binks, President of FedEx Express Europe and Tex Gunning, CEO of TNT Express provide updates on the integration process.

Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.

The acquisition combines the strengths of the companies - the world’s largest air express network and an unparalleled European road network, which will expand the existing FedEx portfolio and reshape the global transportation and logistics industry.

The $4.8 billion acquisition of Netherlands-based TNT Express-NV, a provider of mail and courier services and the fourth largest global parcel operator, by transportation and logistics services provider FedEx was made official today.

Memphis-based FedEx said yesterday that it has unconditionally declared its offer for TNT, with 88.4 percent of all shares committed and a settlement date for the deal of next Wednesday, May 25 and all offer conditions having been satisfied or waived.

When it comes to pricing changes, transportation and logistics bellwethers are usually on the same page. And that was again made clear with changes each company made for additional handling charges on ground packages.

The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).

Shares of FedEx Corporation, one of the world's largest providers of transportation logistics and business services, catapulted 19% higher in March, delivering one heck of a surprising quarter for Wall Street and its shareholders.

CrossBorder is the former Bongo International, a provider of cross border enablement technologies and solutions, whom FedEx acquired in December 2014. FedEx said that this announcement reflects its investment in expanding its international e-commerce offerings.

FedEx Trade Networks, the international freight forwarding arm of FedEx Corp., has announced the re-launch of Bongo International as FedEx CrossBorder.

During the shipping company's earnings call last week, FedEx CEO Mike Glenn brought up the Amazon rumors, calling them headline-grabbing but not realistic.