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United Parcel Service on Thursday said it is spending more than $1 billion this quarter to buy two companies it hopes will bolster profit and volumes amid bare-knuckled market share battles with delivery rivals like FedEx. The world's biggest parcel delivery firm on Wednesday announced an agreement to buy Happy Returns from PayPal, a deal that came roughly a month after it signaled its intent to purchase healthcare specialist MNX Global Logistics. UPS, FedEx, Amazon.com and regional delivery providers are grappling to hold and gain share of a shrinking pool for deliveries. ....
UPS targets lucrative e-commerce returns, healthcare with acquisitions streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
If the strike goes on longer than a month, one expert predicts consumers will start seeing surcharges and other type of rate increases on products. ....