The European Commission (EC) believes “substantial remedies are needed” before the proposed takeover of TNT Express by UPS can be cleared. In a merger review speech made on Friday (2 November), Joaquín Almunia, EC vice-president responsible for competition, said that “serious competition concerns would arise” if it went ahead without revisions. Last month the EC revealed that approval would only come if the resulting company would be challenged enough by other parcel firms. TNT Express and UPS have since received […]
Parcels firm UPS has said it can not comment further on an investigation into the discovery of more than £1.6m worth of cannabis (pictured), amphetamines and ecstasy at a parcels depot in Tamworth in December.
UPS has opened a new contract logistics centre in North Warwickshire to meet growing demand from its retail and technology customers.
George Willis has replaced Cindy Miller as MD of UPS UK, Ireland & Nordics, following Miller’s promotion to president of UPS Europe, Middle East and Africa earlier this year.