Postal Business Shrinking
Deutsche Post AG (DPW.XE) has warned potential postal service competitors not to place too much hope in making profit in the shrinking German postal market, which reflects a global trend, weekly WirtschaftsWoche reports Sunday ahead of publication Monday.
Deutsche Post board member Hans Dieter Petram tells the magazine that classic letter-posting, excluding advertising, is expected to shrink by about 20% in 10 years, replaced by email.
The liberalization of the postal service in Germany at the end of 2007 won’t change that fact, he adds.
