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

First a Brownout, Now a Crackdown

Hoffa’s Package Division has expelled a member of the National Negotiating Committee for breaking the Information Brownout on contract negotiations. Members have a right to know about their contract. Teamsters United is not backing down.

ABF Teamsters Vote 98% Authorizing Strike if Necessary

In a show of unity, Teamsters at several locals, including some of the biggest ABF terminals, voted by 98% over the past two weeks to authorize a strike. The vote sent a signal to the company that its propaganda is not weakening rank and file solidarity.

View More News Posts