FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx's TNT takeover
UPS
UPS expands Express service to 23 more countries
Parcel delivery and logistics provider UPS has expanded its Worldwide Express package service to 23 additional countries and territories, creating an earlier guaranteed-delivery option for customers in locations that previously had only end-of-day guarantees. The 23 new destinations include Colombia, Saudi Arabia, Ukraine, Vietnam, Guatemala, Oman, Serbia, Macau, Honduras, Morocco, Jersey, Ecuador, Tunisia, Guernsey, Bermuda, Sri Lanka, Montenegro, Trinidad & Tobago, Jamaica, Bahamas, … [Read more...] about UPS expands Express service to 23 more countries
UPS appoints new region and business unit presidents
UPS has announced the appointment of Nando Cesarone as president for the UPS Europe Region, Ross McCullough as president for the UPS Asia Pacific Region and Cindy Miller as president of UPS Global Freight Forwarding. “Nando and Ross have honed their leadership skills with a broad range of assignments around the world and I know they will make a significant impact as presidents of the Asia Pacific and Europe Regions,” said Jim Barber, president, UPS International. “Like many of our … [Read more...] about UPS appoints new region and business unit presidents
DHL to pay $53m to settle price-fixing suit
DHL Express (USA) has agreed to pay US$53 million to resolve an antitrust class action accusing the express company and others of participating in an international price-fixing scheme, according to documents filed this week in New York federal court. If approved, the settlement would allow DHL to exit the long-running litigation filed in 2008. As part of the deal, DHL has agreed to aid the plaintiff’s claims against the lone remaining defendant, Hellmann Worldwide Logistics Inc., although a … [Read more...] about DHL to pay $53m to settle price-fixing suit
No EU antitrust objections to €4.4 billion FedEx, TNT merger
European Union antitrust regulators have found no objections to FedEx's €4.4 billion (US$5 billion) acquisition of TNT Express, the two companies said on Tuesday. "FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016,” the companies said in a joint statement. With a European market share of 17 per cent, the combined company would be Europe's … [Read more...] about No EU antitrust objections to €4.4 billion FedEx, TNT merger
UPS expands services to 13 more cities in China
UPS has expanded its presence in 13 additional cities – in Jiangsu, Shandong, Zhejiang, Guangdong provinces, and in Chongqing Municipality – as part of its long term growth strategy in China. UPS said it has enhanced its services by improving transit times, extending cut-off times to tender shipments and deploying UPS knowledge and expertise. Customers in these cities will now have direct access to UPS's full portfolio of services, innovative technology solutions, first-in-class global … [Read more...] about UPS expands services to 13 more cities in China
