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FedEx profit more than doubles in fiscal 3rd qtr

March 22, 2012
March 22, 2012: FedEx Corp. said Thursday its profit between December and February more than doubled as its ground and freight segments shipped more packages and charged higher prices.In its fiscal third quarter, the world's second-largest package delivery company earned $521 million or $1.65 per share, compared with $231 million, or 73 cents per share, a year earlier. Click here to read more at The Wall Street Journal.

UPS Freight Decisions

March 19, 2012
UPS Freight Decisions

UPS to buy TNT Express

March 19, 2012
March 19, 2012: United Parcel Service Inc. said Monday it has agreed to buy TNT Express NV for $6.77 billion (€5.16 billion) in a deal supported by TNT's boards. UPS's cash offer of €9.5 ($12.51) per share for TNT — Europe's second-largest express delivery company behind DHL — comes a month after TNT management turned down a €9 per share offer. The companies remained in talks, assisted by a strengthening dollar. Click here to read...

IBT Signals Early Bargaining in the Works at UPS

March 09, 2012
March 8, 2012:  Speaking at the UPS National Grievance Panel in Florida this week, Ken Hall confirmed the International Union is looking to early contract negotiations with UPS. Hall, the head of the IBT Package Division and our union’s lead negotiator at UPS, was vague about the timeline, but mentioned October as a possible date for entering early contract negotiations. The current contract at UPS does not expire until July 31, 2013. Hall told Teamster...

Wall Street Journal: UPS-TNT Talks Hit a Bump

March 08, 2012
March 8, 2012: United Parcel Service Inc.'s talks to take over Dutch rival TNT Express NV have slowed as a result of friction between the two package-shipping companies over a range of issues, according to people familiar with the matter. Though the people expressed hope that the two sides will still reach a deal, they are unlikely to do so this week, and the talks could drag on beyond the following week as well. Read...
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