Airborne Confirms Talks With DHL On Sale Of Ground Business

Share this article:
Airborne Inc. confirmed in a statement yesterday that it is in talks with rival DHL Worldwide Express over the sale of Airborne's ground operations for cash.


Brussels-based DHL, which is owned by Deutsche Post AG of Germany, currently lacks a ground delivery network in the United States. The purchase of Airborne potentially could make DHL more competitive with UPS and FedEx.


While several news reports speculated a deal might be reached today, Airborne said no agreement had been reached and "there can be no assurance one will be reached." If successfully consummated, the deal would make Airborne's air operations an independent public company under the continued ownership of its current shareholders.


In its statement, Airborne said it would not make any more public statements on the negotiations until discussions over the sale were finalized or terminated.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

B2B Marketers Can Now Self-Serve Ads on Facebook Exchange

B2B Marketers Can Now Self-Serve Ads on Facebook ...

Sitescout's new integration with FBX opens up access to any size marketer, minus campaign spend minimums, according to the RTB company.

Day Two at DMA2014

Day Two at DMA2014

It was awards day in San Diego, with Teradata's Lisa Arthur being named Marketer of the Year, and Google Japan being feted for its direct mail prowess.

Today's Forecast: Chilly With a 10 Percent Lift in Parka Sales

Today's Forecast: Chilly With a 10 Percent Lift ...

The Weather Company launches a website offering marketers free advice on how to take advantage of shifts in the weather.