Industry News

Siriani & Associates has been designing comprehensive freight savings plans (FSP) for various associations since 1982. As the innovators of the FSP, Siriani takes pride in providing associations and their members with unparalleled customer service.

US Shipping Map

FedEx in Talks to Buy French Express Carrier Tatex

April 18, 2012

FXE France.jpg

FedEx is in negotiations over a potential plan to buy French express shipping company Tatex as it seeks to expand its European footprint by taking over small to midsized firms. The announcement comes just two weeks after FedEx bought Polish courier company Opek.

Founded in 1976, Tatex is a business-to-business express transportation company for heavy shipments with a 1,000 strong payroll and a nation-wide network in France, including a central hub in Paris. It carries more than 19 million parcels annually, specializing in the high tech, spare parts, automotive and clothing sectors, and generates revenues of about $198 million. The acquisitions of Tatex and Opek would boost FedEx annual sales in Europe by about $270 million.

FedEx, which plans to expand in Europe mostly through organic growth, has opened 26 new stations across France, Germany, Italy, the Netherlands, Sweden and Northern Ireland so far in fiscal 2012.


Go back to list...

"With the additional savings from our CBA membership we are able to give more back to our Global Outreach Ministries."

Marci Regan, Operations Manager, Mariners Church Bookstore