Report: FedEx to buy DHLÆs U.S. express business
Negotiations have started over the sale of DHL's U.S. express delivery business by Deutsche Post World Net to FedEx, according to a report by the Financial Times Deutschland.
The German newspaper suggests that Klaus Zumwinkel, chief executive of Bonn-based Deutsche Post, “wants to leave the company in a clean condition” before he retires in November with the sale of DHL slated for no later than May.
Earlier this week Deutsche Post announced a 600 million euros ($877 million) non-cash writedown of DHL Express assets.
Report: FedEx to buy DHL’s U.S. express business
