The owners of DHL plan to announce changes in the carrier's troubled U.S. express business next week that industry experts believe will include a sharp withdrawal from many asset-based operations in the United States.
Deutsche Post World Net set a press conference on Wednesday in Bonn to detail its solution for a business unit investment analysts say is on track to lose more than $900 million this year.
On hand to discuss the DPWN plan for its sagging unit will be Chief Executive Officer Frank Appel, Chief Financial Officer John Allan and Management Board Member and DHL Express CEO John Mullen.
Despite financial analysts' calls to exit the U.S. business because of continued losses there, the DPWN leadership has assured customers and employees that it plans and needs to stay put to operate effectively in the international arena.
While DPWN and DHL have refused to comment on what its turnaround strategy could be, analysts and DHL insiders say plans include cutting facilities, shifting ground operations to the U.S. Postal Service, focusing on major clients and raising rates. |
