In stark contrast to the air passenger and general airfreight sectors, both famously fractured into a myriad of global companies, the international express cargo delivery business looks more like other modern transnational industries dominated by a handful of mega-players. On a global scale, United Parcel Service (UPS), FedEx, DHL Express and TNT Express are really the only games in town. Which is why Atlanta-based UPS’s pending acquisition of Amsterdam-based TNT is of such ...

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