Tag: UPS

UPS wants U.S DOT to examine DHL's purchase of Airborne

Posted by | Mar 28, 2003 | |

United Parcel Service Inc. has asked the government to investigate the planned acquisition of Airborne Inc. by German postal service Deutsche Post AG’s DHL express mail arm.

Atlanta-based UPS said Wednesday in a filing with the U.S. Department of Transportation that the $1.05 billion deal reached Tuesday raises questions about the degree of control that Deutsche Post is able to exert on the domestic express package and cargo market.

Also Thursday, the union representing 489 DHL pilots took issue with comments made by one of the shipping company’s top executives.

Read More

High hurdles for DP-Airborne deal

Posted by | Mar 28, 2003 | |

Deutsche Post World Wide AG must negotiate a tricky political and regulatory environment if it hopes to secure approval for its proposed $1.05 billion acquisition of Airborne Inc. The deal raises a host of political issues, including state-sponsored monopolies, national security and free trade. The German government owns a majority stake in Deutsche Post, which has led to charges that the postal giant is using monopoly profits from German mail delivery to subsidize U.S. operations. Also in question: whether Deutsche Post and its U.S. unit, DHL Worldwide Express, can structure the deal to avoid a U.S. ban on foreigners controlling domestic airlines, including cargo carriers.

Read More

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.

Read More

UPS worldwide named in “BusinessWeek 50”

Posted by | Mar 26, 2003 | |

UPS, in its first year of eligibility as part of the S&P 500, has been named in BusinessWeek magazine’s BusinessWeek 50.

The list, published in the magazine’s special annual spring issue, recognizes America’s best-performing major companies. The starting point for the magazine’s editors always is the S&P 500, to which UPS was added last year.

Read More

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,

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest