DHL yesterday unveiled a $2 billion restructuring of its loss-making US express business that includes shifting its air lift capacity in the market to rival UPS, a potentially devastating blow to ABX Air and Astar Air Cargo, which currently provide the German express giant's US lift. Parent Deutsche Post World Net said it no longer can tolerate massive annual losses in DHL's US business, which it estimates will post negative EBIT of $1.3 billion in 2008. While DHL's signature yellow ground ...

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