Deutsche Post aims to boost returns for subsidiary DHL in US
Deutsche Post, the German postal and logistics group, is aiming for the loss-making US business of DHL, its express delivery subsidiary, to achieve a return of at least 4% in a few years’ time. It is hoping for a secure third position on the US express delivery market, behind the two market leaders FedEx and UPS, and, with this aim in mind, it invested €1.05bn in the acquisition of the US company Airborne, which, alone, already ranked third on the US market having achieved turnover of €3.34bn last year. Synergies between Airborne and DHL will be targeted as a step towards improving profitability.
