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DHL & UPS Deal Changing?
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<blockquote data-quote="Jack4343" data-source="post: 419935" data-attributes="member: 7328"><p>from the UPS News section of the Brown Cafe..</p><p> </p><p> </p><p></p><p>FRANKFURT, Oct. 24 (Reuters) - Deutsche Post's supervisory board will meet for an extraordinary meeting this weekend, sources familar with the situation said on Friday. </p><p>A spokeswoman for Deutsche Post declined to comment.</p><p>Deutsche Post's shares slid today after United Parcel Service Chief Executive Scott Davis said on Thursday that the company may change the size and scope of a planned cooperation with Deutsche Post on air freight in the United States.</p><p>Deutsche Post has been struggling to turn around its business there, and analysts said measures taken may not be enough. A slump in European markets and shrinking consumer and business demand in the United States may hurt the companies earnings more this year than previously thought, they said.</p><p>(Reporting by Matthias Inverardi; writing by Maria Sheahan) Keywords: DEUTSCHEPOST/BOARD <a href="mailto:tf.TFN-Europe_newsdesk@thomson.com">tf.TFN-Europe_newsdesk@thomson.com</a> ak</p><p> </p><p>I wonder if we are scaling back our deal or increasing it? Sounds like Deutsch Post is taking it on the chin in Europe as well as the U.S.</p></blockquote><p></p>
[QUOTE="Jack4343, post: 419935, member: 7328"] from the UPS News section of the Brown Cafe.. FRANKFURT, Oct. 24 (Reuters) - Deutsche Post's supervisory board will meet for an extraordinary meeting this weekend, sources familar with the situation said on Friday. A spokeswoman for Deutsche Post declined to comment. Deutsche Post's shares slid today after United Parcel Service Chief Executive Scott Davis said on Thursday that the company may change the size and scope of a planned cooperation with Deutsche Post on air freight in the United States. Deutsche Post has been struggling to turn around its business there, and analysts said measures taken may not be enough. A slump in European markets and shrinking consumer and business demand in the United States may hurt the companies earnings more this year than previously thought, they said. (Reporting by Matthias Inverardi; writing by Maria Sheahan) Keywords: DEUTSCHEPOST/BOARD [email]tf.TFN-Europe_newsdesk@thomson.com[/email] ak I wonder if we are scaling back our deal or increasing it? Sounds like Deutsch Post is taking it on the chin in Europe as well as the U.S. [/QUOTE]
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