Why the FedEx-TNT deal will succeed - CNBC
FedEx is confident it will successfully take over Dutch peer TNT Express following a failed bid by rival United Parcel Service (UPS) three years ago, the global courier service told CNBC on Tuesday.
"UPS had a different level of concentration of position in the market than FedEx does, so we're very comfortable that our position in the market with TNT does not create an issue from a competitive standpoint," explained David Cunningham, executive vice president and chief operating officer of FedEx Express, at the Asia-Pacific Economic Cooperation (APEC) CEO Summit.
FedEx is confident it will successfully take over Dutch peer TNT Express following a failed bid by rival United Parcel Service (UPS) three years ago, the global courier service told CNBC on Tuesday.
"UPS had a different level of concentration of position in the market than FedEx does, so we're very comfortable that our position in the market with TNT does not create an issue from a competitive standpoint," explained David Cunningham, executive vice president and chief operating officer of FedEx Express, at the Asia-Pacific Economic Cooperation (APEC) CEO Summit.
