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Article: UPS, DHL end talks over airlift agreement
- Article from:
- AP Online
- Article date:
- April 17, 2009
- Author:
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UPS Inc. said Friday that talks with DHL about carrying some of its air packages have ended, scuttling a venture that originally was expected to generate up to $1 billion in annual revenue for the world's largest shipping carrier.
Spokesman Norman Black told The Associated Press that the two companies agreed to terminate their negotiations. He did not elaborate.
But the move was expected by many analysts after DHL decided that it would no longer offer U.S. domestic-only air and ground services.
Although it had said its international shipping to and from the U.S. would continue, the cutbacks in its U.S. operations meant that any deal with UPS would have been greatly scaled ...