JOC Staff | Jan 22, 2013 8:17PM EST
Greater competition will be the result of the failure of the TNT-UPS deal, according to the European Shippers’ Council.
“UPS's proposed takeover of TNT Express would have reduced the number of European express companies from three to only two, with DHL Express alone still able to compete with the proposed TNT-UPS combination,” a statement from the ESC said. “A few years ago a similar reduction in the number of express companies in the United States resulted in significant price increases.”
The ESC said it wanted a properly functioning European transport market in which competition was encouraged and lauded the European Commission’s opposition to the UPS-TNT agreement.
“The European Commission consulted a large number of the ESC’s members, business customers of UPS and TNT Express, prior to reaching its decision,” the ESC said.
