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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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