Tag: Deutsche Post

Three German publishing companies form alliance for postal deliveries

Posted by | Feb 23, 2004 | |

Three German publishing companies, Gruner+Jahr, Axel Springer Verlag and Hubert Burda, are considering the possibility of forming an alliance for postal deliveries. The companies wish to award contracts for the delivery of subscription magazines to other logistics companies, rather than to Deutsche Post, in order to reduce costs. The formation of this alliance is expected to lead to a drop in turnover of millions of euros for Deutsche Post.

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Deutsche Post Postbank Europe benchmark plan

Posted by | Feb 23, 2004 | |

Deutsche Post, the German postal and logistics group, plans to benchmark Postbank against eight European banks to value its financial services arm when it is floated later this year. Postbank is Germany’s biggest retail bank, with 10m customers. The banks selected as a benchmark for the initial public offering – Royal Bank of Scotland, Alliance & Leicester, Unicredito, Banco Popular, Banca Populare, Banco Espirito Santo, Erste Bank and Svenska Handelsbanken – have a strong focus on domestic private client business. The majority of the banks have a far higher return on equity.

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German Deutsche Post AG risks losing business

Posted by | Feb 23, 2004 | |

Deutsche Post AG fell 18 cents, or 0.9 percent, to 18.91 euros. Europe’s largest postal service risks losing business from German publishing houses as Axel Springer AG, Gruner & Jahr AG and Hubert Burda Holding GmbH are in talks about using other deliverers to reduce costs, the daily Handelsblatt said, without saying where it obtained the information.

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Deutsche Post to slow mailbox reductions in Germany

Posted by | Feb 21, 2004 | |

Deutsche Post AG, Europe’s largest postal service, plans to slow plans to reduce the number of mailboxes in Germany to appease customer criticism, spokesman Manfred Hanischfeger said.

Deutsche Post plans to keep at least 100,000 mailboxes in Germany until 2007, the newspaper reported, without stating the previous reduction target. Deutsche Post had 140,000 mailboxes last year.

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DHL and Airborne Express poised to take on the US

Posted by | Feb 16, 2004 | |

DHL has announced it has reached a major milestone in the integration of DHL and Airborne Express. After only six months, both companies have integrated the majority of their ground and courier networks, and are now launching several new programs for customers. Shipping and logistics customers will benefit from the combination of an expanded domestic portfolio, and a powerful global network. “Shipping and logistics customers have enthusiastically embraced the marriage of these two world-class organizations, as it provides them with a viable, flexible alternative in a market that sorely needs both,” said John Fellows, CEO of DHL Holdings (USA), Inc.

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