United Parcel CEO: 'Very Difficult' To Reach DHL Agreement

Discussion in 'The Latest UPS Headlines' started by cheryl, Feb 4, 2009.

  1. cheryl

    cheryl I started this. Staff Member

    United Parcel CEO: 'Very Difficult' To Reach DHL Agreement - Smart Money

    United Parcel Service Inc. (UPS) Chief Executive Scott Davis said it has become "very difficult" to reach a deal to fly freight for Deutsche Post AG's (DPW.XE) DHL unit, citing DHL's scaled back U.S. plans.

    "We gained a significant new volume as a result" of the DHL move, he said, adding that he expects the trend to continue.