Deutsche Post struggles in United States
Deutsche Post AG may deliver packages in more than 200 countries and territories, but it doesn’t look likely to deliver for investors soon. That is because the German delivery and logistics giant is stumbling in the market that matters most and where many of its investors reside: the U.S. Even though the Bonn-based company had predicted that its DHL Express USA unit would turn profitable by the fourth quarter of this year, management now says the unit probably will keep posting losses through at least 2007. Deutsche Post, which is losing roughly half a billion dollars a year in the U.S., also said recently that it would stop providing investors with quarterly guidance for its U.S. operations.
Read More
