Deutsche Post Plans EU600 Million Writedown in U.S.

Discussion in 'The Latest USPS, Amazon, and DHL Headlines' started by cheryl, Jan 23, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Deutsche Post Plans EU600 Million Writedown in U.S. - Bloomberg

    Deutsche Post last year scrapped a 2009 deadline for DHL to break even in the Americas, and some investors have called for the Bonn-based company to shed the unit. The carrier's willingness to keep the business on its books suggests it plans to stay in the U.S. market, said Tim Sailor, principal of Navigo Consulting Group, a Long Beach, California-based firm that advises parcel shippers.

    The postal service bought the business in 2002 to expand its express-parcel delivery network and compete with Atlanta-based UPS and Memphis, Tennessee-based FedEx in their home market.