Airborne Confirms Talks With DHL On Sale Of Ground Business

Share this content:
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.

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above