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Shipping News DHL to Acquire Ground Operations of Airborne, Inc.
March 25, 2003
Seattle, WA and Brussels, Belgium—Airborne, Inc. and DHL announced today that they have entered into a definitive merger agreement that will create a stronger third competitor in the U.S. express delivery market and bring the benefits of intensified competition and enhanced service to millions of small- and medium-sized businesses that purchase expedited door-to-door delivery of small packages and documents. Airborne is the third largest air overnight parcel carrier in the United States, delivering approximately 356 million domestic parcels in 2002. DHL has the world's most extensive international parcel delivery network, with service to 120,000 destinations in more than 220 countries worldwide. Although DHL has the leading market share in international express delivery outside the U.S., it has less than a 2% share of the U.S. air overnight domestic market today. The U.S. ground operations of Airborne and DHL will operate under the DHL brand. "We will seek to build on the best of both companies while maintaining our focus on superior service, performance and productivity," said Donaway. For more information, please visit www.airborne.com. |
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