Deutsche Post to shift road cargo business into logistics division
Deutsche Post AG said it will shift its road cargo business, with about 4.0 bln eur in annual sales, to its Logistics division from the Express division.
The company said the move will make Deutsche Post more transparent for investors because the Express division’s business activities will be easier to compare with competitors.
The realignment means all air, sea and road cargo forwarding businesses will be grouped within the Logistics division.
In addition, the Express division will be led by one member of the management board instead of two.
John Mullen will head the division, while Peter Kruse will depart and become a special representative of chief executive Klaus Zumwinkel.
