Deutsche Post World Net, part of the German postal services group, is hoping to use its 6 June AGM to gain shareholders blessing to buy back its own shares. The programme is designed to permit the repurchase of up to 10 per cent of its shares.
Read MoreFedEx Corp., by any estimation, must be classified as one of the biggest success stores in the history of American business. Yet while FedEx is often mentioned in the same breath as United Parcel Service and, increasingly, Deutsche Post World Net, it has been moving in a distinctly different direction from those companies. Today it has a portfolio that in some ways barely resembles that of its two larger rivals.
Read MoreDeutsche Post, the German postal service operator, has announced plans to open 328 new offices within Germany. This comes after a decision to increase its presence in areas where the population exceeds 2000, compared with the previous figure of 4000.
Read MoreA previous article printed by the Frankfurter Allgemeine Zeitung reported that Deutsche Post faces being served with a notice of a high fine imposed by the EU, probably as early as May but at the latest in June. Deutsche Post states the FAZ’s account is wrong on several key points. First of all, Deutsche Post has never availed itself of state aid. On the contrary, up to 1996, Deutsche Post paid billions in the form of revenue-based levies and, subsequently, dividend payments to the Federal Government. Secondly, Deutsche Post did not have to pay any fine last year for cross-subsidising its parcel service from its mail monopoly. On the contrary: in anti-trust proceedings at the EU initiated by our competitor UPS, it was precisely the charge of cross-subsidisation that was dismissed.
Read MoreThe notification rate in Berlin is good. But that has not always been the case. “In 1997 we had the worst rate of anywhere in Germany,” says Sven Goerke, in charge of delivery at the EXPRESS Germany Production branch in RUdersdorf, looking back. Together with the delivery personnel a lot of hard work was done to change the rate. And since that time the level has remained good.
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