The company has recently been denied the acquisition of the Dutch logistics and delivery company TNT Express by the EU authorities by arguing that UPS has not met the terms of the EU cartel legislation.
Kurt Kuehn also mentions that the company plans to invest EUR 371 million from 2015 to 2017 in the European market.
The airport of Cologne/Bonn is one of UPS’ most important distribution hubs. In 2013, UPS has invested over EUR 147 million in expanding the facilities and constructing a new freight hall.
Another part of the new corporate strategy to be presented in November 2014 are also smaller acquisitions which are to drive the European expansion. New delivery options are in plans, such as the possibility to choose time and place of deliveries of online orders.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.