Deutsche Post's (DPWGn.DE) DHL is considering selling its "last-mile" delivery unit in the United States, a service used by retailers to deliver bulky products to consumers, three sources familiar with the matter told Reuters.
DHL could sell its Exel Direct unit, part of its Exel supply chain in the United States, for about $100 million, one of the three sources said.
A Deutsche Post spokesman declined to comment. The sources spoke on condition of anonymity because they are not authorized to speak publicly on the matter.
The rise of e-commerce has led to a boom in "last-mile" delivery services, used by retailers like Amazon.com Inc (AMZN.O) to deliver televisions, furniture and other large products that might require installation in a customer's home.
Exel Direct's customers include retailers Williams-Sonoma Inc (WSM.N), Sears Holdings Corp (SHLD.O) and Office Depot Inc ODP.N, according to its website.
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It remains to be seen whether Nifty will be able to break the 8,100 mark during October. With major events out of the way, the next trigger will be the Q2 FY16 earnings season which is expected to kick off next week. It is advisable for the investors to continue building their equity portfolio by utilising market volatility as an opportunity, writes Ambareesh Baliga. Full Article