United Parcel Service Inc. will invest$1.06 billion in Europe to expand its package delivery network, reports German magazine Wirtschaftswoche(Business Week).
UPS Germany chief Frank Sportolari said Atlanta-based UPS (NYSE: DAL) "has lost time" after its attempt in 2013 to take over TNT was blocked by European regulators, according to Reuters, which first noted Wirtschaftswoche’s report.
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