EU mail giants moving in opposite directions
Fifteen years ago there wasn’t much to distinguish between the German and French mail monopolies, Deutsche Post and La Poste, as they faced the distant prospect of deregulation of the Europe Union’s postal industry. Today, with deregulation just a few years away, the two appear to have very little in common. On the day La Poste workers walked off the job in January to protest the impact of liberalization, Deutsche Post announced it had acquired Europe’s biggest logistics contract, continuing a $9 billion expansion program that has transformed it into one of the world’s biggest transport companies with interests ranging from express delivery to air and ocean freight forwarding. La Poste, by contrast, remains largely what it was — a mail monopoly with a few related activities awkwardly bolted on. The differences between the two companies goes to the heart of the problem facing the EU as struggles to reach its goal of overtaking the United States as the world’s most dynamic economy.
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