On behalf of the directors of the CCPA I would like to acknowledge the generosity of DHL,” said John Limbert, Chairman of the CCPA. “As a result of this philanthropic transaction the communities that comprise Southwest Ohio will be in a better position to manage their own economic growth. Although it will take time to recruit numerous aviation-related industries to this area, we see great potential for this facility to be a hub for new technologies while simultaneously supporting existing aviation business lines,” concluded Limbert.
All terms of the donation agreement are expected to be finalized for closing of all property transactions in early 2010.
DP DHL remains a major employer in the U.S., with a total workforce of 30,000 representing EXPRESS, MAIL, GLOBAL FORWARDING, AND SUPPLY CHAIN. In Ohio alone, DP DHL employs nearly 3,800 staffers representing these Corporate divisions.
On November 5, DP DHL announced its third quarter 2009 earnings, reporting that the success of cost-cutting measures helped the Express Division realize an increase in profitability over the same period in the previous year.
Because of losses expected to amount to $1.5 billion for its US operations this year, DHL plans to close 18 US airport hubs and shut all but about 100 of its 412 US service centers.
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The financing deal was struck as part of DHL's agreement to relocate its air freight hub operation from Cincinnati/Northern Kentucky International Airport to Wilmington.
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