Tag: Courier/Express/Parcels

In a bid to challenge United Parcel Service and FedEx Corp. as the world’s top provider of express and logistics services, Deutsche Post World Net said it will merge its international and domestic parcel delivery, express and logistics operations under the DHL brand in a USD 785 million restructuring that also aims to boost earnings by 40 percent by 2005. Klaus Zumwinkel, chief executive, on Thursday said the program was the “logical conclusion” to its recent multi-billion dollar strategy to establish a European express business and build a global logistics network. “This is the decisive step towards making Deutsche Post World Net the global number one logistics provider,” the partially privatized company said in a statement.