Airborne Inc has said that shareholders at its annual meeting voted to approve its USD1.05 billion takeover by DHL. Airborne said that at least 30.9 million, or 88.4%, of the votes were cast in favor of the transaction. Germany’s Deutsche Post owns DHL, the world’s biggest overnight shipper, which has agreed to buy Airborne, the nation’s third-largest airfreight shipper.
Read MoreAt its annual meeting this week in Seattle, Airborne Inc. will count shareholder ballots cast in the proposed merger between Airborne and Deutsche Post owned DHL. If approved, the merger will cause the spinoff of Airborne’s air arm, ABX Air, into a publicly traded company.
Read MoreDHL Express Chile, the Chilean subsidiary of DHL, ended the first half of 2003 with a 38.3% share in the domestic market, thanks to a 14% growth in the market that expanded by 8.3%, according to country manager Philip Somervell.
The company will invest in strengthening its Chilean operation, opening five new outlets in the country, as part of its strategy of turning the local operation into a platform for growth in the region.
Read MoreFedEx and United Parcel Service want the Department of Transportation’s inspector general to review the controversial inquiry into the ownership of the former DHL Airways. The inspector general, Kenneth Mead, issued a report earlier this year that was highly critical of DOT’s prior handling of complaints by FedEx and UPS that Deutsche Post World Net and DHL International illegally controlled DHL Airways, now Astar Air Cargo, which operates 40 aircraft on U.S. domestic routes.
Read MoreThe U.S. Department of Transportation issued a decision that had something for everyone in the controversial DHL Airways case, which pits the world’s express giants against each other. In a victory for Deutsche Post World Net, owner of DHL International, the DOT ordered the administrative law judge conducting the inquiry to focus solely on the current ownership of DHL Airways, now Astar Air Cargo.
But in a victory for FedEx and United Parcel Service, the DOT dismissed Astar’s motion to terminate the entire proceeding.
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