Filed in UPS
Thursday, March 22, 2012
CEO Fred Smith says FedEx has a profitable multi-billion dollar business in Europe and it is growing strongly.
Monday, March 19, 2012
In what can potentially be viewed as a significant game changer for the global logistics and express delivery sectors, UPS and Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, said today they have reached an agreement in which UPS will acquire TNT Express for roughly $6.77 billion ($5.16 billion euro). The agreement is an all-cash offer of $9.50 per ordinary share for TNT Express.
Friday, March 16, 2012
Following reports that talks focusing on UPS trying to acquire the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, “have slowed” due to various issues, UPS said today that it “remains in constructive discussions” with TNT regarding a potential transaction to acquire the entire issued share capital of TNT Express.
Wednesday, March 07, 2012
A Wall Street Journal report said that talks focusing on UPS trying to acquire the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator “have slowed” due to various issues.
Thursday, March 01, 2012
Company officials said this computer—the fifth generation Delivery Information Acquisition Device (DIAD V)—accelerates the delivery of package information to the UPS network and its customers.
Tuesday, February 21, 2012
While UPS has made a bid and FedEx has yet to join the party, TNT focuses on recovering recent losses.
Friday, February 17, 2012
Reports out of Europe today are stating that Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, rejected an offer by UPS for TNT’s express business.
Thursday, February 16, 2012
UPS said this week it has acquired Brussels-based Kiala, a technology provider with a platform that allows e-commerce retailers (e-tailers) to offer consumers the option of having goods delivered to a convenient retail location.
Posted on 02/16 at 09:50 AM
Tuesday, January 31, 2012
Earlier today, transportation and parcel bellwether UPS reported that fourth quarter revenue jumped 6 percent annually to $14.2 billion, and adjusted operating profit was up 17.3 percent at $2.024 billion. Earnings per share at $1.28 saw a 21 percent improvement, topping Wall Street estimates of $1.26 per share.
Posted on 01/31 at 11:55 AM
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Thursday, January 12, 2012
Spurred to a large degree by a decent holiday shopping season, December retail sales showed sequential and annual growth, according to data released by the United States Department of Commerce and the National Retail Federation (NRF).