Tag: Deutsche Post

DHL says it is not keen to provide mail services in Singapore

Posted by | Feb 4, 2005 | |

DHL says it is not keen to provide mail services in Singapore when the market is liberalised in 2007. Currently, SingPost holds a monopoly on mail services in Singapore, which will end on March 31, 2007. But DHL is setting its sights elsewhere. Dr Klaus Zumwinkel, Chairman, Deutsche Post World Net, said: “No, not looking at coming into this market. Now Europe is being liberalised too – the whole of Europe in the mail market and therefore we are investing in the mail market in Europe, not in Asia. New Zealand has liberalised in the Asia Pacific, Japan is going to liberalise its market, it’s going to take a bit longer, and then Singapore – that’s the only 3 markets I’m aware of going to liberalise but Europe is going to liberalise in all the 25 member states of the European Union liberalising the mail market that’s where we are investing.”

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Deutsche Post stamps monopoly to be scrapped in 2006

Posted by | Feb 4, 2005 | |

Deutsche Post AG’s monopoly on stamps is to be scrapped two years early on Jan 1, 2006 under a draft law to be presented by two German states at the Upper House parliament Bundesrat, Die Welt said.

The date was originally the end of 2007.

The newspaper said a majority of the states are expected to approve the legislation being proposed by Lower Saxony and Hessen states.

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German Deutsche Post rules out Postbank stake sale

Posted by | Feb 4, 2005 | |

German Deutsche Post AG categorically rules out the possible sale of its stake in its banking arm Deutsche Postbank AG, Deutsche Post CEO Klaus Zumwinkel said on February 4, 2005.

Postbank’s strength lies in the fact that it focuses on the German market and Deutsche Post had absolutely no plans to expand the bank abroad, Zumwinkel said.

Deutsche Post is open to acquisitions in Asia, Zumwinkel said but stressed that those were not expected to follow soon.

Zumwinkel declined to comment on whether Deutsche Post was interested in buying the British logistics firm Exel Plc, and dismissed the issue as pure speculation and rumours.

Deutsche Post generated a 3.3 bln euro (USD4.283 bln) operating profit on a turnover of substantially over 40 bln euro (USD51.916 bln) in 2004.

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Federal states vote to end Deutsche Post monopoly early

Posted by | Feb 4, 2005 | |

The German Bundesrat, the upper house of parliament, has voted to end the monopoly of German national postal services provider Deutsche Post earlier than planned. A majority of finance ministers from each of Germany’s federal states voted in the Bundesrat to end the monopoly on 1 January 2006, two years earlier than proposed by the German government in the Bundestag. The new law would see private companies also being allowed to deliver standard letters, under 100 grams in weight.

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Deutsche Post prepares to transfer European logistics centre from Brussels to Leipzig

Posted by | Feb 3, 2005 | |

Deutsche Post has overcome the final obstacle to transferring its European logistics centre from Brussels to Leipzig. DHL, the express and logistics subsidiary of the group, has concluded negotiations with Belgian trade unions regarding its current hub at Brussels airport, where the company has agreed to guarantee the preservation of jobs until April 2008. In exchange, staff have promised that there will be no disruptions to operations. DHL is planning to invest 300m euros in Leipzig, where the airport will be able to remain in operation 24 hours a day, unlike in Brussels. The company is to create around 3,500 jobs by 2012, and it is thought that a further 7,000 jobs could be created in the area.

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