Red Parcel Post to compete with Deutsche Post
A former board member of German postal services group Deutsche Post, Dieter Seegers-Kruckeberg, has announced plans to launch a low-cost parcel delivery company in Germany under the name of Red Parcel Post. Using new sorting and delivery technology, Mr. Seegers-Kruckeberg plans to offer significantly lower prices than rivals, such as Deutsche Post. There is speculation that prices could be as low as 2 euros per parcel, at least a third lower than the current market average. Mr. Seegers-Kruckeberg said that he was aiming to bring Red Parcel Post into operation at the end of 2006 or the start of 2007.
Read More
