At least one German source has reported that DHL is interested in selling its money-losing
Here are some reasons why an outright buyout by FedEx are unlikely:
- DHL execs in both the
and US have repeatedly stated that they are "strongly committed" to the Germany market. John Allan, DPWN CFO said yesterday: "The US Express business is a key management priority and we are looking at a variety of options to improve performance. In doing so, we are committed to maintaining a significant presence in the US market, which remains of strategic importance to the group." US
just cut a separate, long term deal with Walgreens. USA
- Approximately 40% of DHLs drivers are members of the Teamsters union. So far, FedEx has resisted efforts to unionize.
We have also heard that DHLs peak December season was slightly above expectations.