The Transportation Trades Department, AFL-CIO (TTD) today urged the U.S. Department of Transportation to revoke the right of DHL Worldwide Express, Inc., owned by German postal giant Deutsche Post AG, to operate in the U.S. as a foreign air freight carrier.
Read MoreDeutsche Post has reportedly spent about $5 billion over the past two
years or so on acquisitions, including the purchase of U.S.-based Air Express
International Corp. and Switzerland-based Danzas Management AG. The
company also recently raised its stake in DHL International to 51% from 25%.
DHL Airways could be split into two separate companies, one small firm for
>>air operations and a second, relatively big firm for ground operations,
>>Zumwinkel indicated
FedEx Corp. (NYSE:FDX – news) and United Parcel Service Inc. (NYSE:UPS – news), two longtime rivals in the delivery business, have asked the U.S. government to suspend the flights and freight-forwarding operations of DHL Worldwide Express after Deutsche Post AG took a stake in the company
Read MoreTrimarco moves from postal operations to airlines
Read Moreshare price changes may be related to air freight slowdown
Read More
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