Brazil quashes UPS appeal over FedEx’s TNT takeover

FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China.

Amazon FedEx Fred Smith TNT UPS

Additionally, FedEx has also dismissed as a threat to its business after it emerged recently that FedEx will soon operate a portion of its own supply chain. FedEx’s chairman Fred Smith has contended that it is highly unlikely that the online retailer could pose any threat to FedEx in the short term.

All eyes are drawn towards the anti-trust authorities in China as FedEx inches closer to changing the logistics industry forever. If the deal goes through, the European market will have increased competition from the FedEx-TNT merger which may trigger further consolidation in the industry.