Even the integrators are finding life tough. Following on the back of Fedex’s disappointing earnings, comes the news that UPS’s quarterly results, due end of October, will also be low. And the word on the acquisition of TNT is that the European Commission is looking more closely at the deal than the two companies had expected. Deep pockets, as this article points out, will sustain the operator but it may well have to undertake yet another restructuring plan.
By Alex Lennane