Has anybody heard anything new about the FedEx/DHL merger?

Question

I heard FedEx was going to take over the DHL domestic stuff because DHL lost almost 9 million last year here.

Answer 1

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It's official according to the following press release:

"Seattle, Washington and Brussels, Belgium, March 25, 2003

"Airborne, Inc. (NYSE: ABF) 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."

Click on link, below, for the full text of the release.

Source(s): http://www.dhl-usa.com/about/pr/PRDetail.asp?nav=p...