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FedEx only 'small' EU rival to merged UPS, TNT, Almunia says

By Sille Ruubel and Matthew Newman ( September 19, 2012, 15:27 GMT | Insight) -- EU competition commissioner Joaquin Almunia has stressed that while UPS's plans to buy TNT would reduce the European parcel-delivery market to three major firms, the third of those, FedEx, was 'much smaller' in Europe. Almunia said he would take into account whether FedEx and DHL would be strong enough rivals to the new merged company. London, Washington - EU competition commissioner Joaquin Almunia has stressed that while UPS's plans to buy TNT would reduce the European parcel-delivery market to three major firms, the third-place company, FedEx, was 'much smaller' in Europe....

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