Tag: Deutsche Post

Hesse welcomes Deutsche Post plans to reduce night flights from 2005

Posted by | Jul 16, 2004 | |

Deutsche Post AG is to further reduce its night air mail network in stages from the start of the summer air schedule in March 2005. This will lead to a considerable reduction in night aircraft movements, particularly at Frankfurt am Main airport. Dr. Klaus Zumwinkel, Chairman of the Board of Management at Deutsche Post World Net, explained the planned changes in talks with the Minister-President of Hesse, Roland Koch. Minister-President Koch was pleased about the planned reduction of night flights and unequivocally welcomed Deutsche Posts plans. He said that they were the successful result of the regional governments efforts to reduce noise nuisance at night even before the expansion of the airport.

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Transport logistics operators call on EU to stamp out unfair state subsidies

Posted by | Jun 29, 2004 | |

Associations representing privately-held transport and logistic operators said they called on the European Commission this morning to stamp out unfair subsidies to their publicly-owned counterparts and to put an end to the misuse of those subsidies. In particular, the associations are concerned about state subsidies to Deutsche Post AG’s unit DHL, Belgium’s SNCB’s ABX Logistics, La Poste’s GeoPost and SNCF’s road haulage unit Sernam. Two associations – Germany’s Wettbewerbsverein and France’s HALTE – said they asked the commission to beef up regulations and implementation and to take a proactive role towards state aid, putting an end to ‘unjustifiable competitive advantages’ enjoyed by the public companies. The commission is already examining two cases in this area.

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Deutsche Post bond issue to bring in 1.08bn euros

Posted by | Jun 28, 2004 | |

Deutsche Post, the German postal service operator, is reported to have exercised fully the surplus allocation option for the three-year bond convertible into shares in its subsidiary Deutsche Postbank. This represents an additional 98.3m euros, bringing the total income from the bond issue to 1.08bn euros.

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Deutsche Post to invest in the US

Posted by | Jun 26, 2004 | |

DHL, the express delivery subsidiary of German postal service operator Deutsche Post, intends to invest around USD1.2bn in the US in order to challenge US competitors Fedex and UPS. The money will be invested in DHL’s distribution network, IT system, logistics centres and marketing activities. DHL and Airborne, Deutsche Post’s US air express delivery subsidiary, have a market share of around 6 per cent in the US, while UPS and Fedex control roughly 70 per cent of the market.

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