Deutsche Post CEO mulls tie-up of US express operations with FedEx

Deutsche Post World Net AG’s chief executive Frank Appel is mulling a tie-up of the company’s troubled US express operations with rival FedEx Corp, Financial Times Deutschland reported, without saying where it got the information.

Appel said yesterday he will present the company’s decision in May on the future of the US express operations, which have posted unspecified losses since the company entered the market in 2004.

There have already been repeated talks with FedEx head Frederick Smith, FT Deutschland reported today.

But to retain some leverage, Appel is also looking into a possible tie-up with regional US express mail companies, it said.

Deutsche Post World Net AG’s chief executive Frank Appel is mulling a tie-up of the company’s troubled US express operations with rival FedEx Corp, Financial Times Deutschland reported, without saying where it got the information.

Appel said yesterday he will present the company’s decision in May on the future of the US express operations, which have posted unspecified losses since the company entered the market in 2004.

There have already been repeated talks with FedEx head Frederick Smith, FT Deutschland reported today.

But to retain some leverage, Appel is also looking into a possible tie-up with regional US express mail companies, it said.