Tag: Deutsche Post

EU to take next step in postal reform, national monopolies must cease by 2009

Posted by | Oct 17, 2006 | |

The European Commission will announce the next step in its liberalisation of Europe’s postal services tomorrow, with deliveries of letters under 50 grams open to competition by 2009, said Oliver Drewes, spokesman for EU internal markets commissioner Charlie McCreevy.

The commission will debate the proposals at its weekly meeting tomorrow before announcing plans to free up the market for letters in Europe, following on from its 2002 directive on parcels and letters over 50 grams.

Currently, historical operators may still hold national monopolies on letters weighing less than 50 grams in Europe.

According to a report in Belgian daily La Libre Belgique, which says it has seen the proposals, the UK, the Netherlands, Scandinavian countries and Germany have been the most successful in terms of ending the monopoly of traditional postal services providers and introducing competition.

The Belgian and French post offices are widely expected to be announced as the worst offenders in liberalising markets.

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Deutsche Post chief backs end to monopolies

Posted by | Oct 17, 2006 | |

The head of Europe’s largest postal group on Tuesday welcomed an ambitious drive to throw open the region’s Euro90bn (USD113bn, GBP61bn) market for postal services to full competition by 2009, but warned that a majority of governments was opposed to the plan.

Klaus Zumwinkel, the chief executive of Deutsche Post, was speaking as the European Commission put the finishing touches on a landmark proposal for postal reform that will be presented in Brussels on Wednesday. The plan is expected to face criticism from France and other countries, which want to water down the draft law and ensure that incumbent mail operators are compensated for the loss of their monopoly. The Commission’s draft law calls for an end to the last postal monopolies by 2009, paving the way for unfettered competition in the large and lucrative market for delivering mail weighing less than 50 grammes.

However, the proposal also gives governments significant scope to oblige postal groups to continue servicing remote and thinly populated areas where it is hard to turn a profit.

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Deutsche Post buys USD150 million stake in Atlas's polar air unit

Posted by | Oct 16, 2006 | |

Deutsche Post AG’s DHL express- delivery division plans to spend USD150 million for nearly half of Atlas Air Worldwide Holdings Inc.’s Polar Air Cargo unit, gaining access to extra aircraft in key markets.

DHL will pay cash to acquire a 49 percent holding in Polar, including a 25 percent voting interest, Atlas said today in a statement on Business Wire.

Bonn-based Deutsche Post, Europe’s largest postal service, has spent more than USD13 billion on acquisitions since 1996 in a quest to become the No. 1 logistics company in the world.

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Deutsche Post To Sell Vfw

Posted by | Oct 9, 2006 | |

German postal services group Deutsche Post AG plans to sell its wholly owned subsidiary, the local reverse logistics company Vfw AG, Deutsche Post reported on October 9, 2006.

The move is part of a portfolio management programme at the postal services group.

According to Deutsche Post, Vfw’s activities are not part of group’s core business. The group acquired Vfw at the end of 2005, alongside British logistics group Excel.

Deutsche Post said it had exclusively mandated German investment bank Metzler to carry out the sale of 100 pct in the subsidiary.

Vfw, which is one of the leading service providers in its sector in Germany, is planning to set up an alternative waste-processing service to rival the Green Point system of local rival Duales System Deutschland GmbH, Deutsche Post said.

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Deutsche Post tax bill could increase by 400-500 mln eur from 2008

Posted by | Oct 8, 2006 | |

Deutsche Post AG’s tax bill could increase by 400-500 mln eur in 2008 should the German Finance Ministry carry out plans to change the way it taxes the mail carrier, Der Spiegel reported without saying where it obtained the information.

The ministry is currently reviewing plans to hike Deutsche Post’s tax bill by introducing a series of measures, including applying VAT to the sale of postage stamps, the magazine said.

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