UPS sues the European Commission for US$2.15 billion

US-based integrated express company UPS filed a lawsuit with the European Union’s General Court, seeking compensation for the European Commission’s 2013 decision to prevent UPS from taking over TNT. At that time, the Commission ruled that a UPS takeover of TNT could lead to a UPS/DHL duopoly in the package delivery business in parts of […]

TNT – the final quarter

TNT published its first-quarter 2016 results. Or perhaps “final quarter” would be a better term, or “last full quarter.” After seventy years in business, TNT is counting down its final six weeks, with 6 June likely the day FedEx will formally acquire the Netherlands-based express company. But in the meantime, TNT reported a net first-quarter loss […]

FedEx/TNT — all over but the shouting

No, FedEx did not complete the takeover of TNT today, and no, it won’t happen tomorrow, but the European Commission today granted unconditional approval of the deal, and completion is now a foregone conclusion. Margrethe Vestager, the European Union’s Commissioner for Competition, said the EC had “thoroughly assessed the markets affected,” and concluded “that European consumers will not […]
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