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Why the FedEx-TNT deal will succeed

FedEx is confident it will successfully take over Dutch peer TNT Express following a failed bid by rival United Parcel Service (UPS) three years ago, the global courier service told CNBC on Tuesday.

"UPS had a different level of concentration of position in the market than FedEx does, so we're very comfortable that our position in the market with TNT does not create an issue from a competitive standpoint," explained David Cunningham, executive vice president and chief operating officer of FedEx Express, at the Asia-Pacific Economic Cooperation (APEC) CEO Summit.

Announced in April this year, FedEx's $5 billion acquisition of TNT could create Europe's second-biggest delivery services business, according to Reuters.

Last month, FedEx and TNT...


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