Is UPS getting closer to acquiring TNT Express?

UPS-United Parcel Service (Atlanta and Louisville) may be getting closer to acquiring TNT Express. Both companies were due to update the market today but any deal will probably be announced after today according to this report by Reuters.

All concerned parties, including the unions, are being consulted. TNT’s performance is a concern for UPS.

Read the full report: CLICK HERE

TNT Express N.V. (Hoofddorp, Netherlands) is an international express and cargo delivery services company that competes against UPS and FedEx. The company has fully-owned operations in 65 countries and delivers documents, parcels and freight to over 200 countries.

Formerly an operating division of TNT N.V., TNT Express was demerged from its parent company on May 26, 2011. TNT N.V. has subsequently been renamed as PostNL.

TNT Express aircraft operate under the IATA code of TAY of TNT Airways.

Copyright Photo: Ton Jochems.