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Whistlin' Dan said:How many billion did FedEx and UPS lose trying to open international markets? I don't remember the exact number, but it was a bunch. Fortunately, both had enough domestic revenue to keep them alive while they sorted out the problems in their International operations.
DHL is in a similar position now. They're making enough money off of their International ops to carry them through some hard times here. The spectre of impending labor problems at their 2 major competitors (Fed Ex and UPS) only serves to help them increase market share here. Nobody wants to give either UPS or FedEx all of their business with the possibility of a strike looming in the near future.
I wouldn't count DHL out as a major player in the overnight express business.
Now, it they'd only hire some REAL employees...
It's almost impossible to determine where a company that does business internationally makes money, and where they don't. I'm no MBA, but I've taken enough business and accounting courses to know that there are a million ways to make a company appear profitable when it's not (ala Enron) and ways to make it look like a stinker, when in fact it's making money hand-over-fist (ala DHL's domestic operations. Remember their IRS problems a few years ago?).Ready2Fly said:I know that FedEx lost it's shorts when they first started to fly in Europe, but UPS has been profitable there from day one, probably using FedEx's problems their as a guide of what not to do.