UPS and DHL end $1bn talks
Negotiations have ended between UPS and DHL over an air cargo contract valued at $1bn.
Negotiations have ended between UPS and DHL over an air cargo contract valued at $1bn.
“UPS and DHL have mutually agreed to terminate their negotiations,” confirmed UPS spokesperson Norman Black. “As UPS is in its quiet period before earnings, we will have nothing further to say at this time.” UPS will release its earnings on 23 April.
In 2008, the two companies announced they would try to seal a deal to allow UPS to handle air cargo for the German post office-owned DHL.
