FedEx a couple of years ago only came very very close to buying TNT what delayed this I do not know but when I say close there were plans for press conferences and staff announcments with FedEx etc. so this news no comes as no suprise.
FedEx has MAJOR interests in expanding in Europe there is already a Q of Airbuses lined up to arrive into Europe over the next two years and probably beyond replacing some of the Feeder ATRs which will be put on to brand new Feeder routes in the network.
FedEx in the US are just a tiny bit feeling the pinch a bit with the slowdown in the US economy but not in Europe where they are bigger and busier then ever and ectually holing the US end up a bit, expect major expansion and investment off their own bat in Europe and if the TNT thing goes ahead well that would be one smart bit of business.