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"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 is to buy Dutch package delivery firm TNT Express for
an agreed 4.4 billion euros ($4.66 billion), stepping up the
challenge to rivals UPS and Deutsche Post.
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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