FedEx's Big Merger Plans Are Close to Becoming a Reality - Motley Fool FedEx's acquisition of TNT Express doesn't face many more antitrust hurdles. FedEx is one of the biggest global transportation companies. However, compared to its top rival, United Parcel Service, it has one key shortcoming: a small European road delivery network. FedEx hopes to close that gap with UPS by acquiring Dutch package delivery firm TNT Express. Pulling off a big merger like this typically involves jumping through a lot of regulatory hoops, but FedEx is now well on the way to completing that process.