Tag: Courier/Express/Parcels

UPS chairman and chief executive Michael Eskew said yesterday he would not ”rule out” making a hostile bid for any large European logistics company.
The US parcels giant has been linked with Exel, the British supply chain group that last week agreed a pounds 3.7 billion takeover by Deutsche Post, and has retained Goldman Sachs to advise it. ”If we think it helps and the customers need it, we would [make a hostile bid],” he said during an interview at the company’s global headquarters in Atlanta, Georgia. He declined to comment on UPS’s interest in Exel. Sources close to the company said its interest in Exel had been ”overblown”, indicating the firm was looking to ”fill holes” in its international operations but not take on such a ”huge” firm as Exel. Kurt Kuehn, head of global sales and marketing, said: ”Deutsche Post’s view is whoever is biggest, wins. Our view is who has the best business wins.” He added: ”Deutsche Post is amazing. Their appetite: it would have give me a stomach ache long ago.” UPS’s strategy is to build a global managed supply chain service.