Tag: Deutsche Post

DHL US builds network and predicts losses of USD600m

Posted by | Oct 11, 2004 | |

Going after the U.S. express market is proving more expensive than DHL had anticipated.

The company’s parent Deutsche Post World Net says it no longer projects a profit in North America before 2006 and instead could lose around USD600 million this year and USD370 million next year as it bulks up to challenge FedEx and UPS.

DHL is spending USD1.2 billion on building infrastructure in the United States, including a network of regional ground hubs it is rolling out this fall. DHL says it remains focused on the long term market potential, not the losses in the short term.

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Are the benefits of liberalisation at stake in the European postal market

Posted by | Oct 10, 2004 | |

Both rumours and news about mergers and acquisitions in the European postal market are increasing to the point where it becomes legitimate to ask oneself:
Where this potential concentration process might lead to? As a matter of fact, several large operators are presently trying to buy shares of, or even entire operators, so as to prepare themselves for the total liberalisation of the market. This evolution may well jeopardize the benefits which could be expected from the liberalisation process in Europe, as market entry barriers grow and competition decreases.

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Deutsche Post Global Mail to become DHL Global Mail

Posted by | Oct 8, 2004 | |

Deutsche Post, the German postal service operator, is planning to change the name of its international business with the delivery of letters. Until now, this area of the company’s business has operated under the name ‘Deutsche Post Global Mail’; in future, however, this will change to ‘DHL Global Mail’. The reason for the company’s decision is that the DHL brand is very well-known in international business, while an increasing number of competitors are using the word ‘Post’ in their brand name. Deutsche Post does not expect to be able to protect the word ‘Post’ as a brand.

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Deutsche Post and TPG aiming for consolidation of the European market

Posted by | Oct 8, 2004 | |

Deutsche Post, the German mail, express and logistics giant, and Dutch rival TPG are taking stakes in foreign firms in deals aimed at kick-starting the consolidation of the European market. Deutsche Post said it is taking a 38 percent stake in Spanish postal company Unipost and TPG is close to finalising the acquisition of a 25 percent holding in Post Danmark, Denmark’s state postal monopoly.

Deutsche Post, which owns DHL, the global courier company, didn’t disclose the price it is paying for its stake in Barcelona-based Unipost, which specialises in delivering business mail in Spain and had sales last year of USD78.5 million.
TPG, parent of TNT, the global express carrier, said it has made a non-binding preliminary bid for a stake in Post Danmark.

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Deutsche Post’s Postbank in talks to buy ING BHF-Bank’s London ops

Posted by | Oct 6, 2004 | |

Deutsche Post World Net AG’s unit Deutsche Postbank is in talks with ING Group NV’s ING BHF-Bank to buy its London unit, the Handelsblatt reported, citing industry sources.

The newspaper said Postbank has largely concluded due diligence of the 60 employee-strong unit which focuses on real estate and currency and stock trading.

It added that after ING Group reached an agreement in principle last week to sell its entire BHF-Bank unit to Sal. Oppenheim, BHF-Bank now wants to unload assets which Sal. Oppenheim does not want to retain.

BHF-Bank, ING and Postbank all declined to comment on the matter, Handelsblatt said.

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