UPS Makes Grab for Europe Rival

February 20, 2012: United Parcel Service Inc. launched a bold bet to expand in Europe with an unsolicited bid worth about $6.4 billion for Dutch package shipper TNT Express NV, which UPS and rival FedEx Corp. have long coveted.

TNT is the smallest of the big four global shippers that dominate flying time-sensitive documents, consumer electronics and industrial parts between far-flung manufacturers and consumers. U.S.-based UPS and FedEx have viewed the company as a means of rounding out investments in Asia with a larger European presence.

Click here to read more at The Wall St Journal.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

UPS Freight Teamsters Uniting for a Strong Contract

UPS Freight Teamsters are fed up with substandard contracts. They're getting organized to Vote NO.

UPSers Take Action After the Vote No Telephone Town Hall

More than 5,000 UPS Teamsters participated in a Vote No Telephone Town Hall to discuss the proposed deal, make plans to defeat givebacks and win a better contract.  

View More News Posts