UPS cuts earnings guidance as Asia hits Q2 performance
Domestic US shipping has driven growth at UPS over the past quarter, but the company has been finding life tougher in Asian exports.
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EU Commission probes $6bn UPS offer for TNT Express
The European Commission confirmed on Friday that it has opened an “in-depth” investigation into the proposed $6bn acquisition of TNT Express by rivals UPS.
Read MoreUSPS mulling transport options as FedEx warns of bidding war
FedEx Express could lose its biggest single contract next year as the US Postal Service mounts a bidding war for its air transportation services for First Class, Priority and Express Mail.
Read MoreThe week that was: 13 July, 2012
Rounding up the biggest stories of the week in the mail and express industry, including Swiss Post and La Poste’s international alliance, DHL Express’ new Shanghai hub and the latest on the UPS-TNT merger…
Read MoreUPS says $6bn TNT Express deal could hit 25-week delay
UPS and TNT Express said this afternoon that the European Commission is going to need more time to review their merger deal.
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