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The agreement with trade union ver.di includes salary increases in 2016 and 2017, as well as employee protection against job dismissal through 2019.
The ESC's support for the merger stands in sharp contrast to its opposition to a proposed merger proposed between UPS and TNT in 2012.
CCM names new chief operating officer, while Agility appoints CEO for South Asia and ATA adds VP of supply chain security.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.