Tag: Deutsche Post

Deutsche Post boss confident on Airborne takeover

Posted by | May 19, 2003 | |

Deutsche Post’s top executive on Monday said he didn’t think a probe by U.S. regulators would block the German mail and express company’s USD1.1 billion takeover of Airborne Inc. “The takeover is legally OK. We’re relaxed about it,” Chief Executive Klaus Zumwinkel said at an industry conference in Bonn. Deutsche Post plans to spin off Airborne’s airline assets into DHL Airways, an independent company that it says complies with U.S. laws requiring American ownership of domestic carriers.

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US judge seeks to extend deadline for DHL ruling

Posted by | May 7, 2003 | |

A federal judge is seeking a delay of nearly three months in a decision on whether DHL Airways meets the government’s definition of a US-owned company. Administrative Law Judge Ronnie Yoder recommended in a report to the US Department of Transportation that a September 2 deadline for the decision be pushed back to November 24. The department has the final say on moving the date back.

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Deutsche Post CEO Faces U.S. Challenge Amid Expansion

Posted by | May 6, 2003 | |

Deutsche Post AG Chief Executive Officer Klaus Zumwinkel’s plan to boost earnings by expanding the German postal service in the $65 billion U.S. delivery market may be dealt a blow by United Parcel Service Inc. and FedEx Corp. Zumwinkel, 59, in March offered USD1.05 billion to buy Airborne Inc. to establish a ground network in the U.S. and diversify revenue streams as earnings growth at home slows. The purchase by Deutsche Post, in which the German government has a 70% stake, needs U.S. regulatory approval and comes amid a Department of Transportation inquiry into complaints from rivals United Parcel and FedEx about German control of DHL Airways Inc. `The situation in the U.S is a problem for Deutsche Post,’ said Reinhard Niebuhr, who helps manage the equivalent of about USD5.6 billion at AMB Generali in Cologne, Germany. “The large competitors there are trying to push Deutsche Post out.”

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Forgoing Monopoly

Posted by | Apr 25, 2003 | |

The first phase of deregulation intended to open up 30 per cent of Royal Mail’s letter market to competition is under way. While it is far too early to say how much impact this has had, a question that does need addressing is how direct mailers are going to respond. Will they be looking to switch to other postal carriers? Will they be able to adopt a more flexible approach to their mailing schedules? And what will be the best way to buy in this new, competitive environment? A number of mailing houses remain wary of new postal carriers entering the market, and from what they have seen so far, cannot see them persuading mailers to switch from Royal Mail.

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European Commission intends to exempt REIMS II from the antitrust rules but requires third party access

Posted by | Apr 23, 2003 | |

Today, the Commission published a notice in the Official Journal inviting third parties to submit their comments on the so-called Agreement for the Remuneration of Mandatory Deliveries of Cross-Border Mails (REIMS II). REIMS II is an agreement on the remuneration that public postal operators (PPOs)° pay each other for the delivery of incoming cross-border mail. This remuneration is also referred to as “terminal dues”. Seventeen PPOs from the European Union and the EEA are parties to the REIMS II agreement. After receiving the comments of interested third parties to be submitted one month after publication of the OJ the Commission will take a final decision on whether the system of terminal dues can be exempted from the antitrust rules. The Commission will also decide on the length of the exemption to be granted.

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