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

TDU Black Leadership Conference

African-American Teamsters will hold TDU’s first national Black Leadership Conference, July 13-14 in New York City.

YRCW Local-by-Local Vote Count Results

Get the local-by-local vote on the YRCW contract and every supplement.  Check out the vote in your local and others. See where the Yes and No votes prevailed.

View More News Posts