Tag: USA

Dispute between DHL & US competitors intensifies

Posted by | Dec 9, 2003 | |

The dispute between DHL, the express delivery service owned by Deutsche Post, the German postal service, and its US competitors FedEx and UPS has intensified. UPS and FedEx have accused DHL of having exclusive agreements with two US airlines, Astar and ABX Air, and of controlling these two airlines. However, the two US delivery companies have now been accused of hypocrisy by those in the sector, who claim that their practices in Europe mirror those of DHL in the US: UPS has an exclusive agreement with Danish airline Star Air, while FedEx controls the German airline Express Airways.

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US Airborne completes offer to purchase senior notes due 2007

Posted by | Dec 8, 2003 | |

Airborne, Inc., an indirect wholly owned subsidiary of DHL Worldwide Express B. V., has announced the successful completion of its previously announced offer to purchase for cash any and all of its $150 million 5.75% Convertible Senior Notes due 2007, together with the related solicitation of consents to amend the registration rights agreement related to the Notes.

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Dispute between DHL and US competitors intensifies

Posted by | Dec 8, 2003 | |

The dispute between DHL, the express delivery service owned by Deutsche Post, the German postal service, and its US competitors FedEx and UPS has intensified. UPS and FedEx have accused DHL of having exclusive agreements with two US airlines, Astar and ABX Air, and of controlling these two airlines. However, the two US delivery companies have now been accused of hypocrisy by those in the sector, who claim that their practices in Europe mirror those of DHL in the US: UPS has an exclusive agreement with Danish airline Star Air, while FedEx controls the German airline Express Airways.

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FedEx announces US rate increases

Posted by | Dec 5, 2003 | |

FedEx Corp. is raising its rates for air and ground shipments, effective Jan 5.

FedEx Express, the company’s cargo carrier, will boost rates an average of 2.5 percent for domestic and foreign shipments, the Memphis-based package delivery company announced. FedEx Ground domestic rates will increase an average of 1.9 percent. The move follows a similar announcement last month from UPS, FedEx’s chief rival.

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