United Parcel Service Boeing 767. Courtesy, UPS US freight giant United Parcel Service (UPS) has scrapped its takeover of European rival TNT Express after the European Commission (EC) said it would block the deal. Netherlands-based TNT Express said Monday the two companies met the EC case team investigating the proposed acquisition Jan. 11.  “The case team informed the companies that on the basis of UPS’s current remedy proposal it is working towards proposing a ...

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