DHL Italy predicts USD 1.5 billion turnover for 2005
The Italian unit of DHL Worldwide Express, forecasts a 1.3 billion euro (USD 1.5 bln) turnover for 2005, up 25 pct compared to expected 2004 turnover.
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DHL begins Aus Dollar 47M update of Sydney hub to regional operation
DHL Worldwide Express, Asia-Pacific’s No1 overnight delivery company, yesterday began a multi-million-dollar revamp of facilities at Sydney airport to bring its Oceania hub up to the standards it has set for its five other regional gateways.
Read MoreDHL Danzas Air & Ocean acquires all of Cormar
DHL Danzas Air & Ocean on Wednesday said it had acquired the remaining shares of Corporacion Cormar Sociedad Anonima, a Central American transport and logistics specialist, in order to build operations across the region and achieve synergies for the DHL Group. DHL Danzas Air & Ocean will acquire the remaining 65 percent of Cormar shares from the longstanding senior management and outside shareholders that are also customers of Cormar.
Read MoreDHL Danzas lays off 50 salespeople
DHL Danzas Air & Ocean laid off approximately 50 salespeople, including support personnel, in what a spokeswoman described as “part of our ongoing effort to align our costs with the level of business.” The move reflects “the continuing weakness in the global economy and a trend by our largest customers to become more import-driven,” said Candace Bouchard, the spokeswoman.
DHL Danzas had approximately 280 salespeople in the U.S. before the cutbacks. The move is not related to any consolidation of DHL Danzas and DHL Express, she added.
Read MoreUS airlines bill seeks curb on foreign owners
Congress is considering legislation that would reinforce restrictions on foreign ownership of US airlines, in an attempt to ensure business for US carriers.
The Senate spending bill for the Federal Aviation Administration (FAA) includes language that would specify that US carriers should be controlled by US citizens.
The move comes as DHL Airways, part-owned by Deutsche Post, tries to convince the Department of Transportation (DOT) that it is not “effectively” foreign-owned. “If the present arrangement is allowed to stand, the Department of Transportation will set a precedent that allows foreign governments to compete with US companies for business which, by statute, is reserved to US carriers,” said Ted Stevens, the Alaska Republican who sponsored the language in the Senate bill.
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