The parcel empires strike back as smaller players take stock
Over the past couple of years small parcel carriers have gained ground, as behemoths FedEx, ...
© Khunaspix Dreamstime.
By Alex Lennane
It could be bad news for FedEx. When it initially announced its hastily put together plan to take over TNT, it foresaw no antitrust trouble. Much like UPS did, in fact. But the word is out that the European Commission is looking for concessions, concerned about the lack of competition in the express delivery market. What form this will take is not yet known, but in what is said to be a “finely balanced” case, FedEx may be required to sell some assets. Regulators could, in a week or two, serve a ‘formal complaint’ – a step typically followed by a request for concessions.
Comment on this article