UPS appeals against TNT merger decision


 

UPS has appealed against the European Commission’s (EC) decision to prohibit its acquisition of TNT Express, on the basis the decision was “factually and legally erroneous”. If successful, the prohibition would be annulled, meaning that the EC would not be able to use the UPS decision as a basis for future rulings. TNT Express, which recently revealed plans to boost EMEA profit by 8% in two years,  said that the appeal does not mean UPS is renewing or reconsidering its […]