Originally Posted by
jungle
Correct. They own large stakes in other airlines involved in cargo operations. The presumption that US politics can control their desire or ability to stay in a given market is where your argument goes astray.
GM lost 15 Billion last quarter, do you suppose they are imaginary losses also? Do you suppose a politico can tell them to keep operating the same way they did last year?
DHL has been on a long losing streak in the US market, they need to stop the bleeding, and projected losses are extremely high without changes in their business plan.
For that matter, their losses are projected to be quite high even with the proposed changes.
We are going to have to agree to disagree Jungle. With DHL giving up control of the delivery of its product in the US, there are indeed actual anti-trust concerns here. Just because you don't see it, doesn't make it so. As Penguin said, the money shell game has been going on with DPWN/DHL for many years now. Our hope is that these hearings will flush these things into the open. Interesting that UPS spent big dollars lobbying for the DHL/UPS deal to happen:
UPS spent more than $1.3M lobbying in 2Q - Forbes.com