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The Latest FedEx Headlines
In TNT, FedEx may get last major package target UPS once sought
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<blockquote data-quote="cheryl" data-source="post: 1580979" data-attributes="member: 1"><p><strong>In TNT, FedEx may get last major package target UPS once sought - Reuters</strong></p><p></p><p>FedEx Corp's $4.8 billion bid Tuesday for TNT Express took the world's last large potential package delivery acquisition target off the table, marking a victory in FedEx's battle to gain market share from rival United Parcel Service Inc.</p><p></p><p>If FedEx wins regulatory approval for the proposed acquisition, it would pull into the No. 2 spot among package delivery services in Europe with a 17 percent market share. That would put it ahead of UPS in Europe, but leave Deutsche Post's DHL with the lead at 19 percent of the market.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1580979, member: 1"] [B]In TNT, FedEx may get last major package target UPS once sought - Reuters[/B] FedEx Corp's $4.8 billion bid Tuesday for TNT Express took the world's last large potential package delivery acquisition target off the table, marking a victory in FedEx's battle to gain market share from rival United Parcel Service Inc. If FedEx wins regulatory approval for the proposed acquisition, it would pull into the No. 2 spot among package delivery services in Europe with a 17 percent market share. That would put it ahead of UPS in Europe, but leave Deutsche Post's DHL with the lead at 19 percent of the market. [/QUOTE]
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In TNT, FedEx may get last major package target UPS once sought
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