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

In Divided Vote, IBT Moves Ahead with Pension Threat at ABF

(Reprinted from www.ABFTeamstersUnited.org) A divided IBT General Executive Board voted 13-9 to move ahead with the ABF ratification vote and rejected a motion to fix the pension freeze that threatens the retirement benefits of hundreds of ABF Teamsters.

Notice of ABF Contract Vote

The International union has issued a Notice of Referendum for the ABF contract, which locals are to post on union bulletin boards. The ballot materials will be mailed on Thursday, April 19 and received soon afterward, so voting by internet and phone is just days away.

View More News Posts