Tag: DHL Worldwide Express

UPS attacks airborne deal

Posted by | Mar 27, 2003 | |

United Parcel Service accused Deutsche Post of further violating foreign ownership laws after the German postal operator struck a deal to buy Seattle-based Airborne’s ground operations for $1.05bn. The complaint, filed with the Department of Transportation, calls for further widening a federal examination into whether Deutsche Post is flouting laws forbidding foreign companies from owning more than 25 per cent of US airlines. UPS claims Deutsche Post is in direct control of Chicago-based DHL Airways, a cargo carrier, via its subsidiary, DHL Worldwide.

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Deutsche Post worldwide still aiming for the summit

Posted by | Mar 26, 2003 | |

When Deutsche Post said yesterday it would buy the ground operations of Airborne, the third-largest US air express delivery company, for USD1.05bn, the German postal operator closed a hole in its ability to deliver ground packages in the US and caught up with United Parcel Service and FedEx, two of its fiercest rivals. The move marked the latest triumph for Klaus Zumwinkel, Deutsche Post’s chief executive. Airborne, Mr Zumwinkel said, would be another step towards transforming the once-creaky state monopoly into the world’s top logistics group. But observers worry that Deutsche Post may stretch itself thin as it shops around.

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Fedex and UPS expected to fight DHL-Airborne merger

Posted by | Mar 24, 2003 | |

FedEx Corp. and United Parcel Services are not expected to stand silently by while DHL Worldwide Express consummates its $1.05 billion takeover of Airborne.
FedEx and UPS have already pushed the Department of Transportation to look at the ownership of DHL. The companies claim that the DHL is really just an arm of the German government. “Both UPS and FedEx are going to object to DHL’s acquisition of Airborne’s ground base assets under the cover of regulatory and anticompetitive grounds,” said analyst Peter Jacobs, of Ragen MacKenzie, a division of Wells Fargo Investments,

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Airborne in talks with Deutsche Post

Posted by | Mar 24, 2003 | |

Airborne on Monday confirmed it was in talks with Deutsche Post on a deal that could be worth USD 1bn and see the German postal operator buy the the US’s third largest express delivery company’s ground operations for an undisclosed cash sum at a premium to the group’s current share price.

Airborne said that such a deal with DHL Worldwide Express, a subsidiary of Deutsche Post, would involve setting up an independent public company that would continue to be wholly owned by Airborne’s shareholders.

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Dasburg, former Northwest CEO, to run US DHL Airways

Posted by | Mar 18, 2003 | |

John Dasburg, the former chief executive of Northwest Airlines Corp is taking to the skies again. DHL Airways, a closely held company that runs 40 aircraft from its Cincinnati/Northern Kentucky hub, on Tuesday named Dasburg chairman and chief executive, effective April 1. Dasburg, 60, will replace Joseph O’Gorman, who died in August. Roy Moulton has served as acting chairman at DHL, which provides all-cargo scheduled and charter services on a contract basis for DHL Worldwide Express.

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