FedEx Receives The Much Awaited EC Approval

This deal is very important for FedEx as it will enable the company to really expand its network in Europe. Currently, DHL and UPS lead the standing table with the highest market shares of 19% and 16%, respectively. However, with the completion of the deal, FedEx-TNT will surpass UPS to become the second largest player in the European market with 17% of the total market share (FedEx accounts for 5% of the market share currently). The deal will provide the Memphis-based courier giant the opportun...