UPS, FedEx See Benefits in Larger European Union
ackage carriers based in the United States said they were ready for the European Union’s expansion this month to 25 nations and predicted it would add to profits over the next several years.
Both UPS Inc. and FedEx Corp., the two biggest American package carriers, said they had adapted their technology and trained their workforce in preparation for addition of 10 eastern European countries.
On May 1, Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia formally became members of the EU.
Both carriers said they had to modify billing procedures to include the new countries and train employees to handle new business.
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