Air, Freight News

Hollow victory for UPS

[ March 10, 2017   //   ]

The EU General Court has annulled the European Commission’s blocking of the proposed merger between UPS and TNT Express in 2013, saying that the decision was based on incorrect data. With TNT now in the hands of UPS’s rival, FedEx , it is seen largely as a hollow victory for UPS although it could theoretically allow UPS and TNT shareholders to claim damages.

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