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The ESC's support for the merger stands in sharp contrast to its opposition to a proposed merger proposed between UPS and TNT in 2012.
The UPS Worldwide Express Freight service, designed for urgent, time-sensitive and high-value international heavyweight shipments, added eight new origin countries and five new destination countries to its network.
EU antitrust regulators said Kuehne + Nagel, Express Interfracht, and Schenker operated as a cartel, fixing prices on their joint "Balkantrain" and "Soptrain" services in Europe from July 2004 to June 2012.
The second quarter financial results of ocean carriers NYK, MOL and "K" Line reflected a weak Asia-Europe market and strong supply pressure.
The U.S. Senate also passed a long-term highway bill that will be debated by the House after the summer break.
The European Commission will now conduct an in-depth analysis under the EU's merger regulations before coming to a decision on FedEx's $4.8 billion offer to buy TNT.