Parcel delivery service DHL announced on Monday it is ending its domestic shipping business due to U.S. market conditions. The company, a division of Deutsche Post, is refocusing on international shipping, five years after purchasing competitor Airborne to increase its American footprint.
As much as this decision was influenced by current market conditions, it also underscores an old Jack Welch principle: if a business does not occupy the No. 1 or 2 position in the market, the business may not be viable. DHL (and Airborne) were distant competitors to FedEx and UPS.
