FedEx Buying TNT

[It will be fine]

I guess we'll find out if Fred has as much pull with European lawmakers as he does here. UPS got blocked for antitrust concerns, but it sounds like FedEx will get around that.

 

[Operational needs]

Someone made a good point in the UPS thread about this, that they were worried about a monopoly with UPS. No such concern with FedEx.

 

[MrFedEx]

Someone made a good point in the UPS thread about this, that they were worried about a monopoly with UPS. No such concern with FedEx.

It takes awhile to bribe the right people. Maybe UPS ought to raise a fuss.

 

[Operational needs]

It takes awhile to bribe the right people. Maybe UPS ought to raise a fuss.

I'm sure the politicians that Fred has in his pocket in DC will try to exert some influence for him with politicians in Europe.

 

[MrFedEx]

I'm sure the politicians that Fred has in his pocket in DC will try to exert some influence for him with politicians in Europe.

Yes. Notice how Fred wasn't interested when UPS was? FedEx should be held to the same standards as UPS.

 

[vantexan]

The ironic thing is they have unions in Europe. FedEx Express couriers really are the poor, red headed stepchildren.

 

[MrFedEx]

The ironic thing is they have unions in Europe. FedEx Express couriers really are the poor, red headed stepchildren.

I would suspect TNT is unionized. That will probably end.

 

[dezguy]

There goes any raises for the next couple of years.

 

[bbsam]

Yes. Notice how Fred wasn't interested when UPS was? FedEx should be held to the same standards as UPS.

I wonder how much the price came down.

 

[CJinx]

I wonder how much the price came down.

According to some newspaper articles I just read, UPS tried to buy TNT for about $7 billion but got blocked by the EU. We got it for $4.8 billion pending regulation.

Source:
http://www.bloomberg.com/news/artic...akeover-bid-formally-blocked-by-eu-regulators

 

[bbsam]

Smart move.

 

[UpstateNYUPSer(Ret)]

The ironic thing is they have unions in Europe. FedEx Express couriers really are the poor, red headed stepchildren.

I would suspect TNT is unionized. That will probably end.

The only similarity between unions here and in Europe is the word "union".

TNT will remain unionized.

 

[MrFedEx]

The only similarity between unions here and in Europe is the word "union".

TNT will remain unionized.

We shall see. When FedEx had it's first big time "go" in Europe, they tried to break the unions. Any surprise there?

If it means paying employees a decent wage, Fred will be against it.

Don't be silly, Upstate. If FedEx can kill a European union, they will do it.

 

[Fred's Myth]

Fedex+Unions+TNT= Fedex Explosive

 

[MrFedEx]

Fedex+Unions+TNT= Fedex Explosive

Bingo. You get it. Upstate doesn't.

 

[MassWineGuy]

There's no way FedEx will be able to bust a union in Europe. If they try then every other union will go on strike. I'd say this is publicity that Fred would want to avoid.

As for a monopoly, FedEx has a much stronger international business than UPS. So expanding in Europe might well be a valid concern.

 

[dezguy]

I'm pretty sure Express drivers across the pond are unionized, in some countries.

 

[UpstateNYUPSer(Ret)]

Bingo. You get it. Upstate doesn't.

Have you ever been to Europe? The unions there are much different than they are here.

 

[Indecisi0n]

You can have our sloppy seconds.

 

[bbsam]

You can have our sloppy seconds.

Hardly. You guys got c-blocked.