Deutsche Post declines to comment on report it bid for Beiersdorf logistics
A spokesman for Deutsche Post World Net AG declined to comment on a report it bid for a Beiersdorf AG contract, eventually concluded with Kuehne & Nagel International AG, to out-source logistics operations at its main Hamburg warehouse.
Beiersdorf, the German consumer goods company, yesterday said Kuehne & Nagel will handle its Hamburg logistics as well as the export of goods to subsidiaries abroad, but did not disclose financial details. The contract concludes its efforts to restructure its complete logistics chain.
A report in Die Welt today said the contract has a value of more than 1 bln eur, and that Deutsche Post’s express unit bid as well, not citing its sources.
The report said the contract is a major set-back to Deutsche Post, which is the market leader in German contract logistics.
Under contract logistics, companies out-source their complete integrated supply chain to logistics companies, for which these contracts offer higher margins than ordinary transport logistics.
