January 30, 2008: In good news for DHLers, industry publications report that DHL “vows to stay in the United States” despite calls by some Wall Street analysts to sell its U.S. operations.
In a statement, DHL made it clear that the United States is “strategically important” to its global business strategy and the company is not going to back off of its $3 billion investment in the United States—including more than $1.2 billion in infrastructure and distribution.
DHL emphasized that the company’s “high performance in our other regions depends on strong presence in the United States. Because of our U.S. presence, we have been able to provide the platform that allows Latin America, Canada, Asia and Europe—where we have strong market positions—to be able to export and import with confidence into the U.S. market.”
DHL is backing up its words with its wallet. The company recently announced a new kiosk network at Walgreen’s—a move that Traffic World calls “another nod toward its American commitment.”
The International Union played up Wall Street’s concerns in its latest DHL Update to try to soften up Teamsters to accept the concessions that chief negotiator Brad Slawson has already agreed to at the bargaining table.
Click here to read International Softens Up DHLers for Concessions.