The Car and Truck Fleet and Leasing Management Magazine

DHL to Acquire Airborne Ground Operations

March 25, 2003

DHL will acquire the ground operations of Airborne, Inc. for $1.05 billion under a definitive merger agreement signed by the two delivery companies. The U.S. ground operations of Airborne and DHL will operate under the DHL brand. The companies say the merger will create a stronger competitor to United Parcel Service and FedEx. DHL’s 8,139-vehicle fleet is the 27th largest commercial vehicle fleet in Automotive Fleet’s Top 300 Commercial Fleets. Airborne ranks 36th with 6,275 vehicles in its fleet. The transaction, which is subject to shareholder and regulatory approvals, is expected to be completed during the summer of 2003.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Agreement whereby in a closed-end lease, usually a full maintenance one, as a strategic commitment to the concept of true partnering with the customer, the leasing company makes all components of the rental calculation known to the lessee.

Read more

Up Next

More From The World's Largest Fleet Publisher