Deutsche Post World Net AG said in the next five years it aims to become the number one global player with its logistics, transport and mail operations measured by sales.
It said it plans to expand its logistics and express delivery service in North America and Asia and aims to enter other European markets with its mail operations.
Proposed changes to the capital gains tax regime are likely to open the way for Securicor to withdraw from a distribution joint venture with Deutsche Post, without incurring a tax charge of up to Pounds 100m.
The security services group has an agreement with Deutsche Post whereby it can force the German group to acquire its 50 per cent stake in 2004.
This would be for fair value plus a premium for control, and would not incur a capital gains tax charge.
European Union regulators have extended for three years anti-trust approval for a pioneering rail freight joint venture between Maersk Sealand and P&O Nedlloyd, saying it had broken the monopoly of state-owned railways for the transport of containers between north European ports and inland cargo terminals.
Read MoreThe Philippine Postal Corp. has noted a seven percent drop in the volume of traditional posted mail since last year, which could be attributed to the increasing popularity of the Internet and cellular phones.
With the advent of electronic mail (e-mail) on the Internet and cell phones as more modern and glitzy modes of communication, the mail that passes through the postal system is now comprised mostly of business letters, documents and parcels, said Postmaster General Nicasio Rodriguez.
Deutsche Post World Net AG said it wants to strongly hike its US market share from the present level of 5 pct in the next three years and is interested in acquiring medium sized companies there.
Speaking in an interview with Boersen-Zeitung, chief financial officer Edgar Ernst said Deutsche Post is not interested in building up a full network in the US, similar to that of UPS.
As of the end of March China has approved the establisment on the mainland of 32 offices and 4 joint ventures by Taiwan’s shipping companies
Read More18 April 2002 . TPG through TNT Logistics has bought Transports Nicolas – A French Distribution Company specialising in Fresh food products with a turnover of €115m and 1500 employees.
Read MoreHDI, the German insurance group, has announced a co-operation agreement with the postal service in Hungary, Magyar Posta, under which it has set up a non-life insurance company.
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