UPS, one of the world’s largest transportation firms, is the first major user of North America intermodal rail services to publicly weigh in on the proposed merger of Canadian Pacific and Norfolk Southern railways, saying it opposes the potential tie-up.

Faced with growing demand from retail and technology customers, UPS is expanding contract logistics operations in Europe.

Package delivery giant UPS reported a 4.3 percent increase in first quarter revenue to $13.1 billion from $12.6 billion a year earlier.

Raj Penkar, a longtime executive at UPS Supply Chain Solutions, will join Sears Holdings as senior vice president and president of supply chain, overseeing the global logistics and distribution unit a