UPS

The Netherlands Authority for the Financial Markets (AFM) granted an exemption to extend the Offer Period for the proposed acquisition of TNT by UPS.

UPS expects to deliver 527 million packages between Thanksgiving and Christmas, and FedEx expects to deliver more than 280 million packages during that same period.

UPS last week announced that it has taken major steps to expand its global healthcare distribution facility in the Asia Pacific region, opening three new “state of the art facilities” in Hangzhou, China, Shanghai, China, and Sydney, Australia.

Third quarter revenue for transportation and parcel giant UPS was basically flat, falling 0.7 percent to $13.07 billion, with operating profit down 54 percent at $766 million. Earnings per share at $1.06 were flat compared to last year’s $1.09 per share and were in line with Wall Street estimates of $1.06 per share.

The latest chapter regarding UPS’s planned $6.28 billion acquisition of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, came late last week in the form of a Statement of Objections (SO) from the European Commission.

Modern spends 60 seconds with the director of corporate marketing for the industrial manufacturing and automotive segment of UPS talking about the economy and manufacturing.

Earlier this week, the Supervisory Board of TNT Express, a Netherlands-based provider of mail and courier services and the fourth largest global parcel operator, announced that Marie-Christine Lombard, TNT Express CEO, resigned “to pursue an external career opportunity.”

The most important labor contract talks in freight transportation begin September 27 in Washington when UPS and the Teamsters union begin negotiations on a new contract.

In a speech that should resonate with LM readers, UPS Chairman and CEO Scott Davis called on leaders in Washington, D.C., to prepare a bipartisan debt reduction plan by January.

According to a Wall Street Journal report, the Chinese government has granted both companies the green light to provide intra-China express package services.

UPS says Offer Period for deal is officially extended.

The merging of the complex web of healthcare with efficient logistics operations is one that comes with more than a few challenges.

Regulations and cost management remain top of mind for healthcare logistics stakeholders.

UPS said late last week it has reached an agreement with the New England Teamsters and Trucking Industry Pension Fund (NETTI) to restructure pension liabilities for more than 10,000 UPS employees.

According to MCAA executive director, Robert L. DeCaprio, there’s been considerable speculation on the vulnerability of transport giants FedEx and UPS in the “same day” niche.