DHL struggles in the U.S. as parent eyes Exel

Oct. 10, 2005
Describing the U.S. as a "difficult environment," John Mullen, joint chief executive-of DHL, says the company attained its targets in the first half of

Describing the U.S. as a "difficult environment," John Mullen, joint chief executive-of DHL, says the company attained its targets in the first half of 2005. He claims operational gains in on-time delivery, customer service and billing. He also said the Wilmington, Ohio, hub integration was ahead of schedule.

Despite all of this good news, parent Deutsche Post World Net expects the Americas region to lose up to $372 million for the full year 2005.

Meanwhile, Deutsche Post has made an offer to acquire U.K.-based thirdparty logistics (3PL) giant Exel for over $7 billion. Deutsche Post is moving quickly in the acquisition process, reportedly to stave off a rival bid by UPS. Reports indicate UPS has hired Goldman Sachs to assess a possible bid for Exel.

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