The amount of competition that FedEx and DHL Worldwide Express can muster in Europe is a crucial...

|By:, SA News Editor

The amount of competition that FedEx and DHL Worldwide Express can muster in Europe is a crucial component to whether or not UPS will gain regulatory approval to acquire TNT Express, according to European Union Competition Commissioner Joaquin Almunia. Regulators still haven't sent UPS a final list of objections over the merger as they continue to study the deal.