The UPS deal was shot down in 2013 because regulators in the European Commission thought it would stifle competition in the express cargo market. FedEx, however, has a much less extensive operation within Europe than UPS does, so the competitive situation with a FedEx/TNT merger is much less likely to raise concerns with regulators.
According to the latest figures from ING, as reported by Reuters, analysts estimate that the largest player in the European express market is Deutsche Post’s DHL, with a market share of 19 percent. UPS is a close second, at 16 percent, followed by TNT with 12 percent. In comparison, FedEx is far back in the pack at just 5 percent.
