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, ...
With the acquisition of TNT by FedEX still underway, UPS remains the world’s largest express firm and in the first quarter of this year booked a very healthy $1bn profit – a rise of 10% year-on-year – on revenue of $14bn, which was slightly below expectations. It said all its divisions had shown growth and confirmed in this article that its expansion plans in Europe – which includes a $1bn investment in its network – remained unchanged.
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