Deutsche Post considers shedding DHL Global Forwarding

摘要

The true costs of last year's failed experiment with DHL Global Forwarding's new IT system called "New Forwarding Environment" are starting to be felt nearly a year later as its parent company, Germany's Deutsche Post, said it is considering getting rid of the troubled forwarding arm altogether. Because of the failed IT rollout, Deutsche Post endured a US$388 million write-down, which resulted in a 71 percent drop in third-quarter core earnings to $222 million. That bitter pill could result in Deutsche Post either spinning off the forwarding operation, which would allow it to focus on its express and mail business, selling it off to another entity or forming a partnership with a third party.