Deutsche Post and Fedex talks on U.S. express partnership deal fail
Talks between Deutsche Post World Net AG. and Fedex Corp. on a strategic partnership in the U.S. express market have collapsed, Handelsblatt reported.
‘Talks with Fedex on a cooperation have fizzled out,’ the report quoted Axel Funhoff, analyst at Dutch Bank ING Groep N.V. as saying, attributing his information to sources close to the companies.
Deutsche Post’s DHL express operations in the United States have posted unspecified losses since the German mail services company entered the market in 2004.
Chief executive Frank Appel in a recent interview said the company is in talks with potential partners but said Deutsche Post is not dependent on finding a partner.
The report said a spokeswoman for Deutsche Post declined to comment on the matter.
Talks between Deutsche Post World Net AG. and Fedex Corp. on a strategic partnership in the U.S. express market have collapsed, Handelsblatt reported.
‘Talks with Fedex on a cooperation have fizzled out,’ the report quoted Axel Funhoff, analyst at Dutch Bank ING Groep N.V. as saying, attributing his information to sources close to the companies.
Deutsche Post’s DHL express operations in the United States have posted unspecified losses since the German mail services company entered the market in 2004.
Chief executive Frank Appel in a recent interview said the company is in talks with potential partners but said Deutsche Post is not dependent on finding a partner.
The report said a spokeswoman for Deutsche Post declined to comment on the matter.
