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.
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