Hermes Logistik Gruppe to enter German letter market in 2008
Hermes Logistik Gruppe, a Hamburg-based logistics groups, plans to enter the German letter market in 2008, its managing director Hanjo Schneider told Hamburger Abendblatt.
He said that from January customers could use the company’s 13,500 parcel stations to post letters.
Schneider added that prices will be 15-20 pct below current postal tariffs of incumbent Deutsche Post World Net AG.
The letters, which will take two days to deliver, will be distributed by TNT NV’s TNT Post, in which Hermes owns a 29 pct stake.
