UPS has placed an order for 10,000 electric delivery vehicles with UK start-up Arrival, to be deployed across its US and European fleets. It has also revealed its venture capital arm, UPS Ventures, has completed an undisclosed ‘minority investment’ in the tech firm. The global parcel giant will work with Arrival to develop a wide range of electric vehicles with Advanced Driver Assistance Systems (ADAS). This technology is designed to boost safety and operating efficiencies, including the potential for automated […]
Royal Mail and the Communication Workers Union have made “significant progress” in avoiding stike action at the recently privatised business.
Regulatory approval for the multi-billion euro UPS and TNT Express merger is dependent on whether the new company would be challenged enough by its competitors, the European Commission has said. If the deal is approved, the number of major parcel delivery companies in Europe will be reduced from four to three, which the regulator is concerned will reduce the amount of competitive service customers will have access to. Joaquín Almunia, vice president of the European Commission, responsible for competition policy, […]
TNT Express has confirmed that the European Commission has temporarily suspended a merger bid with rival postal company UPS. Despite the delay, which will allow the EU regulator to compile more information, TNT Express say that they “would still anticipate a closing in the fourth quarter.” A spokesman for TNT Express tells MT.co.uk: “We have been notified of what is expected to be a temporary delay in the European Commission’s review process. Suspensions are not uncommon, it’s the result of […]