UPS is reportedly making a major investment in Europe
REUTERS/Mike Segar
"We will strongly expand our network in Germany and the rest of Europe," the magazine quoted UPS Germany chief Frank Sportolari as saying in the article, adding the number of parcel shops and sorting centers would rise with the investment.
FedEx Corp
Sportolari said UPS "has lost time" after its own attempt in 2013 to take over TNT was blocked by European regulators due to concerns it would stifle competition.
(Reporting by Andreas Cremer; editing by Jason Neely)
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