UPS targets lucrative e-commerce returns, healthcare with acquisitions
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.
Source: yahoo.com
