Members of the International Brotherhood of Teamsters have approved the final rider included in a collective bargaining agreement with DHL Express that covers about 2,000 workers employed nationwide by the logistics company, the union announced Oct. 11.
DHL Express officially opened the $46 million expansion of its U.S. air hub here in an effort to build market share and sustain double-digit package and express volume growth.
DHL is the world's largest courier company and one of the largest employers, with well over 470,000 workers.
Germany's KfW KFW.UL has approached investment banks about the sale of at least part of its stake in Deutsche Post DHL (DPWGn.DE), which has a market value of 4.9 billion euros ($6.2 billion), three people familiar with the process said.
March 16, 2012: DHL Express said it will spend $47 million to upgrade its U.S. package express and cargo sorting facility and capability at the Cincinnati area airport.
November 13, 2009: Membership outrage over proposed mid-contract concessions at DHL led to it being shelved by the national meeting of local officials.
November 2, 2009: DHL Teamsters report that IBT officials have met with management over proposed contract changes that would include buy outs of Teamster to allow the hiring of low-wage drivers and dock workers.
November 21, 2008: Local 705 members rallied at the Federal Building in Chicago to demand fairness for laid-off DHL Teamsters.
November 17, 2008: The world's largest national economy is not large enough, it appears, for three private parcel carriers.
November 14, 2008: The worsening recession has claimed more victims, as the European transport giant DHL announced Nov. 10 that they are ending all domestic U.S. ground and air shipping.