Deutsche Post Investment
November 2001 – Deutsche Post has acquired 16.8% of an internet based security provider, MediaSec Technologies GmbH.
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Deutsche Post loses court case
A court has ruled that Deutsche Post AG, the German postal services operator and former state monopolist, must allow the market for deadline deliveries of letters to be opened to competitors (the company otherwise still has a monopoly on letters weighing up to 200 grams). Deutsche Post had lodged a complaint against the awarding by the postal regulator of a licence for deadline deliveries.
The court based its decision on the fact that the basic services of Deutsche Post do not include the same-day delivery of letters or their delivery on a date specified by the customer. It rejected the former monopolist’s argument that the awarding of the licence represented a circumvention of its exclusive right.
Deutsche Post releases encouraging 3Q results
Deutsche Post, Europe’s largest postal services group, met expectations with its third-quarter results yesterday and sounded an upbeat note for the rest of the year.
Its optimism came despite the impact of the September attacks in the US and subsequent anthrax scares that have disrupted postal services in Germany and elsewhere.
Deutsche Post, which was partly privatised a year ago, said it still expected full-year earnings before interest, taxes and amortisation (ebita) to rise more than 5 per cent from last year’s level. It also expected 2001 net profit before minority interest to remain at last year’s level.
Getting the package home.
As the managing director of DHL in Israel, Dan Granot has one recurring headache – last mile delivery to residential areas. The problem with delivering packages to homes, he discovered, was that his deliverymen worked during office hours and so did the recipients of the parcels. Seventy-five percent of the time, a deliveryman would have to drive out two or three times before he could finally get the parcel delivered. This cost the carrier a great deal of time and money. The carrier subsidized each trip and was losing large amounts of money on residential areas.
Last summer, Granot – who founded delivery company Shigur Express – decided to try to solve this problem together with Nir Kinory and Yoav Koster. The result is eShip-4u, a start-up company that has developed a convenient hardware and software solution that solves the problem of last mile delivery.
Read MoreDeutsche Post loses court case concerning postal charges against Citicorp Card Operations
Frankfurter Allgemeine Zeitung has reported that “a court in Hanover has ruled against Deutsche Post AG, the German post office, in a legal dispute concerning postage charges amounting to DM6.3m. The court dismissed Deutsche Post’s claim against Citicorp Card Operations GmbH, which in 1995 and 1996 sent out mail to customers in Germany via the Dutch post office, so as to avoid the higher postage charges imposed by Deutsche Post. The court ruled that Deutsche Post would have been entitled to send the letters back to the Netherlands, but had no right to claim compensation having delivered the letters.”
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