Tag: DHL

DHL announced today plans to enhance its foot-courier network within New York City by building a new facility on New York’s West Side. The USD10.4 million investment includes the leasing and retrofitting of an existing building near Times Square to serve DHL customers throughout New York’s Upper West Side and Midtown business district. DHL has the largest foot-courier network of any major US express delivery company operating in New York City. This network is comprised of three facilities serving Manhattan from the Financial District, Murray Hill on the East Side and Times Square on the West Side. Approximately 65 percent of DHL’s delivery volume within Manhattan is handled by foot-couriers. By leveraging couriers on foot within New York City, DHL is able to reduce the deployment of vehicles, decrease emissions and fuel consumption, and help mitigate urban traffic congestion.

Deutsche Post, which owns the DHL express-delivery service, said Wednesday that it would take longer than it had expected to stem losses at its US operations, sending the stock down sharply. US operations will break even ”in coming years,” the company said. It had previously predicted operations there would break even in the fourth quarter of this year. The German postal service has spent about USD20 billion on acquisitions abroad over six years, including DHL Worldwide Express and Exel, in preparation for the expiration of its domestic mail-delivery monopoly as of 2008. Difficulties with Airborne’s integration and a new processing center have led to losses in the United States.