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The acquisition of Overnite was partially a way for UPS to remain competitive against its largest rival, FedEx. [18] FedEx had acquired Viking Freight, a west coast LTL carrier, as part of its 1998 purchase of Caliber System [ 19 ] and in 2001 acquired American Freightways , an east coast LTL carrier. [ 20 ]
On August 5, 2005, UPS announced that it has completed its acquisition of less-than-truckload (LTL) trucking company Overnite Transportation for US$1.25 billion. [34] This was approved by the FTC and Overnite shareholders on August 4, 2005.
United Parcel Service Inc will begin charging an extra $150 next month to handle oversized packages and pallets.
UPS Airlines is a major American cargo airline based in Louisville, Kentucky, US. [8] One of the largest cargo airlines worldwide in terms of freight volume flown, UPS Airlines flies to 815 destinations worldwide. [9] It has been a wholly owned subsidiary of United Parcel Service since its launch in 1988.
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United Parcel Service Inc. (NYSE: UPS) said today that it has received a "statement of objections" from the European Commission (EC) related to the company's $6.7 billion acquisition of TNT ...
In March 2012, UPS announced its intention to acquire TNT Express for US$6.7 billion. [2] However, the deal fell through in January 2013, after it was announced that UPS had failed to obtain permission from the European Commission, and as such, had been blocked on competition grounds. [3] TNT Express truck in Plymouth, England in February 2010
DHL couldn't keep up with competition from UPS and FedEx, and it laid off almost 10,000 workers when it decided to exit the ground- and air-delivery business in U.S. completely in November 2008 ...