Tag: Courier/Express/Parcels

Deutsche Post: targeting the mail-order market

Posted by | Jan 24, 2005 | |

The agreement between the troubled German retail giant KarstadtQuelle and Deutsche Post will see the express and logistics unit DHL taking over parts of the logistics operations of the retailer beginning in April. For Deutsche Post the new acquisition represents an opportunity to expand its market share in the growing German mail order sector.

KarstadtQuelle, the German department store operator, announced the agreement with Deutsche Post [DPW.F] following the green light from the German antitrust authorities. Although financial details were not disclosed, it is believed the logistics operation generates over E1.1 billion in annual sales. As part of the deal, DHL will take over KarstadtQuelle’s central warehouse in Unna, western Germany, the industry centers in Essen-Vogelheim and Brieselang, and a number of regional logistics centers, as well as part of Karstadt’s existing logistics business, Optimus.

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New Zealand Post sells share for NZD80m

Posted by | Jan 22, 2005 | |

New Zealand Post said yesterday that it had received NZD80 million for the sale of half of its courier business to German firm DHL.

The deal, unveiled on December 20, was for Deutsche Post-owned DHL to buy 50 per cent of NZ Post subsidiary Express Couriers.

The deal came under attack before Christmas from opposition MPs and courier operators because the terms were kept secret and rival operators did not get a look in.

Spokesman Ian Long said the Government-owned NZ Post had received NZD80 million from DHL.

However, the final price would be a multiple of Express Couriers’ earnings for the year to June 30, 2005. This means DHL could pay extra after June 30 or NZ Post would refund part of the sale price, Long said.

NZ Post expects the final deal to be worth NZD80 million to NZD90 million, valuing Express Couriers at NZD160 million to NZD180 million.

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DHL plans 20 mln-euro investment in Russia business in 2005

Posted by | Jan 21, 2005 | |

Express mail carrier DHL plans to invest 20 million euros in business development in Russia this year, its Moscow offices announced on Monday. The bulk of the money will be put into the building of new customs terminals in Russia’s regions. “Having analyzed the potential of Russia’s market for express deliveries and logistics, DHL has decided to expand its business by developing its capacities,” the statement says.

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Nightspeed Deliveries Get One Million Pound Boost

Posted by | Jan 21, 2005 | |

Nightspeed Secure Worldwide Express will be ensuring that more parcels will be delivered on time, securely and safely, with an investment of nearly one million pounds in a brand new fleet of sixteen specialised double-deck trailers – one of the biggest double deck fleet upgrades seen this year.

Tipton, West Midlands based Nightspeed Secure Worldwide Express has purchased the 16 purpose-built double deck trailers to improve the reliability and efficiency of the crucial overnight trunking operation.

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New Zealand Post values courier unit at USD160m to USD180M

Posted by | Jan 21, 2005 | |

New Zealand Post today said it valued its express and logistics business, Express Couriers Ltd (ECL), at USD160 million to USD180 million.

The valuation comes as NZ Post and global freight firm DHL look to form a 50/50 joint venture, which they say will give better service to markets in Southeast Asia, China, Japan and India.

The valuation was based on preliminary analysis of the first six-months of ECL’s financial year, NZ Post said in a statement.

The final price within the valuation range for DHL’s investment in the joint venture would not be set until the end of the financial year.

However, NZ Post said it was “confident the agreed pricing structure represents full and fair value”.

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