Tag: Deutsche Post

Suddeutsche Zeitung to compete with Deutsche Post

Posted by | Jan 25, 2005 | |

German publisher Suddeutscher Verlag, which publishes German newspaper Suddeutsche Zeitung, is to compete with German national service provider, Deutsche Post. Through its logistics subsidiary, Suddeutscher Zeitung Logistik, the publisher has already started delivering letter in the Munich area. The company hopes to expand its services in the next few months and will aim to gain more customers, delivering their post at the same time as their subscription.

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Deutsche Post’s DHL’s 2004 losses in US well below 500 mln eur

Posted by | Jan 25, 2005 | |

Deutsche Post World Net AG’s DHL will post full-year 2004 losses in the US ‘significantly below’ 500 mln eur, Focus magazine said in an article to be published tomorrow, citing sources close to the management. Last September, Deutsche Post said the US losses could widen ‘to as much as 500 mln eur’ from the 300 mln initially planned. Focus also reported that the express mail courier wants to expand its private customer business in the US, and that it hopes to double the private package volume to 32,000 per year.

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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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KarstadtQuelle sells parts of logistics business to Deutsche Post

Posted by | Jan 24, 2005 | |

Troubled German retail giant KarstadtQuelle said on Monday it had agreed to sell parts of its logistics operations to the semi-privatised German postal service Deutsche Post in a deal which sources said was worth more than one billion euros (1.3 billion dollars). A spokesman for KarstadtQuelle declined to comment on the price. The activities, which KarstadtQuelle did not specify, would be sold to Deutsche Post’s express and logistics unit DHL, the retailer said in a statement. The transaction still had to be approved by the regulatory authorities, but was expected to take effect from April 1. The divestment represented a “further important step in KarstadtQuelle’s reorganisation programme,” the statement said. Deutsche Post already applied to the Federal Cartel Office last month for permission to buy KarstadtQuelle’s logistics activities.

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German Deutsche Post reshuffles management

Posted by | Jan 19, 2005 | |

German Deutsche Post is planning a management restructuring in its package and express delivery unit, it was reported on January 18, 2005. As part of the restructuring, Deutsche Post board member Peter Kruse will step down from the executive management of the Express Germany business division, a Deutsche Post spokesman said. His duties will be taken over by Marco Demuth. Kruse will instead focus on strategic development of the package delivery business in Europe.

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