Sept. 16th and "mystery guests"

[shooter]

UPS-DHL Pact Faces Congressional Hearing Sept. 16
August 14, 2008: 01:04 PM EST

CHICAGO -(Dow Jones)- The planned $10 billion outsourcing deal between United Parcel Service Inc. (UPS) and DHL Worldwide Express Inc. will face congressional scrutiny at a hearing on Sept. 16.
James Oberstar, chairman of the House Transportation and Infrastructure Committee, called the meeting amid calls for increasing scrutiny of closer links between two of the largest domestic express delivery groups.
DHL, a unit of Germany's Deutsche Post (DPW.XE), announced plans on May 18 to outsource flying packages in the U.S to UPS in a 10-year deal worth around $1 billion a year.
The company has run up billions of dollars in losses from its five-year expansion of a business that failed to break the dominance of UPS and FedEx Corp. (FDX) in the U.S. market.
DHL would continue to pick up and deliver parcels, though it is shrinking its national footprint and outsourcing some other business to the U.S. Postal Service.
Oberstar didn't reveal a witness list for the hearing of the full committee, which plans to focus on "competition, customer service and employment."
Two U.S. senators this month asked federal regulators to take a close look at the proposed agreement.
The contract would lead to the loss of more than 8,000 jobs with the closure of DHL's Wilmington, Ohio, air hub, and the issue has also become a debating point in the U.S. presidential race.
DHL had planned to reveal more details of the provisional pact with UPS at the end of August. UPS said it aims to start taking on the DHL business - currently provided by two other cargo airlines - at the end of the year.
-By Doug Cameron, Dow Jones Newswires; 312-750-4135; [email protected]

http://money.cnn.com/news/newsfeeds/articles/djf500/200808141304DOWJONESDJONLINE000743_FORTUNE5.htm


Any takers as to who is on the witness list?

EDIT: Breaking News: For the first time since it's conception, C-SPAN is being TiVo'ed. :laugh:

 

[eatme]

Don't mean to rain on your parade but what do you honestly believe will come out of this. It seems like the DHL/UPS freight train has left the station, and its not coming back(to ILN that is). Also, Oberstar was against NWA/DL and look how that turned out.

 

[hvydriver]

Don't mean to rain on your parade but what do you honestly believe will come out of this. It seems like the DHL/UPS freight train has left the station, and its not coming back(to ILN that is). Also, Oberstar was against NWA/DL and look how that turned out.

The fat lady hasn't sung yet. It's a long way from a done deal.

 

[Whistlin' Dan]

"Two U.S. senators this month asked federal regulators to take a close look at the proposed agreement."

What about the other 98 senators? Where were they?

That tells you something about how much chance this has of being overturned on Capitol Hill.

 

[Fly Astar Jets]

....Also, Oberstar was against NWA/DL and look how that turned out.

Also, Oberstar was and still is against a United/US Airways merger and look how that has turned out.

So whats your point? ! ? !

 

[shooter]

"Two U.S. senators this month asked federal regulators to take a close look at the proposed agreement."

What about the other 98 senators? Where were they?

That tells you something about how much chance this has of being overturned on Capitol Hill.

We may find out when/if they decide to have hearings as well. You can find them on C-SPAN2.

 

[eatme]

Also, Oberstar was and still is against a United/US Airways merger and look how that has turned out.

So whats your point? ! ? !

Point is that with United/US Air in 1999, airlines were flush with cash and the necessity of obtaining anti trust approval was negated in light of that fact; fast forward 9 years later, DHL lost 1 billion dollars last year; either get a new business model or shed the loss making part of your business. Hearings will ultimately go nowhere with this proposed linkup.

 

[mxer]

Point is that with United/US Air in 1999, airlines were flush with cash and the necessity of obtaining anti trust approval was negated in light of that fact; fast forward 9 years later, DHL lost 1 billion dollars last year; either get a new business model or shed the loss making part of your business. Hearings will ultimately go nowhere with this proposed linkup.

Your right, shed the loss making part of your business. Unfortunately, that is the only part they seem to want to keep. The airplanes ran on time and DPWN continued to tell each side they where happy with them. The ground side was doing a poor job and the decision makers where doing a worse job on a daily basis. That is what drove away the customers. Sadly, the weakest part of the company is all that will be left. This means more loss of market share and money.

 

[eatme]

Your right, shed the loss making part of your business. Unfortunately, that is the only part they seem to want to keep. The airplanes ran on time and DPWN continued to tell each side they where happy with them. The ground side was doing a poor job and the decision makers where doing a worse job on a daily basis. That is what drove away the customers. Sadly, the weakest part of the company is all that will be left. This means more loss of market share and money.

The ground portion really sucked, that is where they should have spent money competing with UPS/FedEx.

 

[mxer]

The ground portion really sucked, that is where they should have spent money competing with UPS/FedEx.

Exactly, the airlines worked and the ground didn't. So, let's screw up the airlines. Kinda like going down a long hill in your car and you know the brakes are shot. To fix it you change the tires. Result. Going down hill really fast. Just like DHL, going down hill really fast.