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

Update on IBT Election Protest

The Hoffa-Hall administration spent millions in dues money to delay corruption investigations. In a new ruling, the Election Appeals Master has sent this issue back to the Election Supervisor for further investigation. 

Register for the 2017 TDU Convention

Join Teamsters and TDU members for three days of education and organizing to rebuild union power, October 27 - October 29 in Chicago.

View More News Posts