Originally Posted by
hvydriver
I agree to consider the source Jungle. I notice he didn't mention the 6 billion in net profit that DPWN achieved with DHL globally in 2007 in there either. I'd still like to know how air ops. puts these guys in the red 1 billion per year. I don't see how. Nationwide operations, (air/ground combined) perhaps. Just air ops.? No way. I notice that he never shows how they are losing the money. Just that they are. Fuel costs alone aren't going to account for those kind of losses.
The WSJ is one of the few credible large newspapers left in America. I suggest a detailed perusal of DHL's financial statement if you want to know the exact nature of their claims to losses in the US market-these figures are considered valid by both the US and German governments and are audited by an independent firm. The question of accounting irregularities has never been raised by either country.
The WSJ article also outlines the crux of DHL's legal defense: they are changing vendors for a service, not merging. This is the question that will be addressed by any hearings. I am sure an army of Lawyers has been mulling over this exact question for quite some time and already know the answer.
Both groups of politicos have called the other liars and this is to be expected.
