Reshaped Maersk Looking to Compete Directly with UPS, Fedex

February 21, 2018

Denmark’s A.P. Moller-Maersk plans to compete directly with package delivery companies UPS and Fedex as it expands its transport and logistics business, its chief executive said on Tuesday. Maersk, the world’s largest container shipping company, sold its North Sea-focused oil and gas business in August in a $7.5 billion deal in August as it focuses on transport and logistics.

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