UPS Buys TNT Express, Shiftinq Global Balance

摘要

UPS' estimated $6.77-billion acquisition of Netherlands-based TNT Express puts to rest lingering speculation about the future of Europe's number-two express mail provider following competition from FedEx and U.S. economic uncertainties. The move clearly places UPS in a new position of strength among its U.S. competitors and German expediter DHL as it looks to expand its presence in Europe and around the world.