Tag: Deutsche Post

DHL Express brings together its global team in new head office (GER)

Posted by | Jun 3, 2008 | |

DHL Express opened a new head office and global Quality Control Center in Bonn, Germany. The move to a new technologically advanced building will create greater synergy across its key business functions. DHL also aims to bring increased collaboration between its express and logistics businesses as a result of the new offices close proximity to Deutsche Post World Net’s headquarters.
The new head office in Bonn is part of a world wide infrastructure enhancement plan that will help DHL Express establish more seamless global operations. The plan also included the creation of the newly-opened state-of-the-art European central hub in Leipzig, Germany, which improves intra-European connectivity and also connects Europe with many intercontinental destinations in the U.S., Asia and the Middle East.
In addition to the well-placed infrastructure, the new head office in Bonn, when fully occupied, will be home to 260 employees and will house DHL’s pioneering Global Quality Control Center. Adapted from the model already in operation in the Asia-Pacific region, the Quality Control Center is a state-of-the-art concept that will drive service quality. It provides real time visibility and pro-active operational crisis management in operations across the world 24 hours a day, seven days a week. The Global Quality Control Center is designed to ensure that the shipment information is visible to the network within 15 minutes of the event capture. This means that every shipment can be processed immediately, and every query answered promptly.

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Deutsche Post may seek USD 18.6 Billion for Postbank

Posted by | Jun 2, 2008 | |

Deutsche Post AG may seek about 12 billion euros (USD 18.6 billion) in its sale of Deutsche Postbank AG, Germany’s biggest consumer bank by clients, three people with knowledge of the transaction said.

Deutsche Post may aim for 70 euros a share for Postbank, 17 percent more than yesterday’s closing price, the people said. Postbank is drawing interest from German financial-services companies Allianz SE, Commerzbank AG and Deutsche Bank AG as well as Spain’s Banco Santander SA, said the people who declined to be identified because the matter is confidential.

Postbank, with more than 14.5 million customers and 850 branches, will give potential buyers an opportunity to grab a bigger share of Germany’s USD 1.6 trillion consumer-lending market, which is dominated by state-owned lenders and savings banks. Shares of the Bonn-based bank have risen 40 percent in the seven months since Deutsche Post, Europe’s biggest postal service, said it’s considering a sale of the unit.

Postbank has almost 5 million more retail customers than its second closest rival Deutsche Bank, according to a report by Sal. Oppenheim. The lender posted a pretax return on equity of 19.3 percent last year ahead of Commerzbank’s 18.7 percent and Dresdner Bank’s 8.5 percent, it said.

Postbank extended gains and rose 4 percent to 62.10 euros in Frankfurt electronic trading, valuing the company at 10.2 billion euros.

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Indian Post and Deutsche Postbank in talks

Posted by | May 30, 2008 | |

The Department of Post (DoP) said it is in talks with Deutsche Postbank to enter into housing loan business.
The Post office already have alliance with the SBI to enable people to open an account through the postal department. Moreover, education, home and personal loans can also be applied for and sanctioned from State Bank of India through the postal department.
With a huge network of more than 155,000 post offices, the DoP is also looking at tie-ups with other banks to disburse housing loans in the rural areas.
The post office, in its bid to leverage its reach had started retailing various financial products.
It has a tie-up with UTI MF, Principal PNB AMC, Prudential ICICI and SBI Mutual Fund for selling their mutual funds.
Recently, the post office has also inked a joint venture with the Centurian Bank of Punjab for business in foreign exchange.
Under the six month agreement with the Centurian Bank of Punjab for forex business, a pilot project would be launched in 31 Head Post Offices of 11 states.
Besides, the government is also using the post offices to disburse the proceedings of the National Rural Employment Guarantee (NREG) Scheme.

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Deutsche Post World Net to restructure U.S. Express business

Posted by | May 28, 2008 | |

Deutsche Post World Net announced a plan to restructure its DHL U.S. Express business by working with UPS for airlift capacity and reducing costs in its ground infrastructure. Under the plan, DHL and UPS have agreed to develop a contract whereby UPS will provide air uplift for DHL Express U.S. domestic and international shipments within North America.

In addition, DHL will align its U.S. Express infrastructure to existing shipment volumes by redesigning its ground linehaul network to better match capacity with customer requirements. The impact on service levels will be minimal with less than 4 percent of shipments affected. DHL remains focused on delivering international and domestic Express products, offering an attractive alternative for U.S. customers and keeping a strong commitment to the U.S. market.

The restructuring plan will lead to sustainable improvements in financial performance and provide a sound starting point for a more efficient and customer-oriented business in the future. In 2008, the company expects an underlying EBIT loss of USD 1.3 billion in U.S. Express. Through the expected cost savings of around USD 800 million in 2010 and around $1 billion in 2011, underlying EBIT will improve accordingly. First positive effects of the plan will start showing already in 2009. The company expects to spend up to USD 2 billion to finance the restructuring plan.

Due to the uncertain economic situation in the U.S., Deutsche Post World Net is reducing its guidance for underlying EBIT in the EXPRESS Corporate Division in 2008 to around 400 million euros from around 500 million euros. Subsequently, the Group’s full-year guidance before non-recurring effects and restructuring costs will be reduced slightly by 100 million euros to around 4.1 billion euros.

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Deutsche Post still to decide on selling Postbank

Posted by | May 26, 2008 | |

Deutsche Post hasn’t decided whether to sell its majority stake in German lender Deutsche Postbank AG as the company considers options for the holding.

Germany’s largest banks have been positioning themselves for takeovers since Deutsche Post, which owns 50 percent plus one share of Postbank, said last year it was assessing a possible sale. German newspaper Handelsblatt cited Postbank CEO Wolfgang Klein as saying in an interview that he expects Deutsche Post to decide on the future of the lender by fall.

Speculation about a sale of the bank has been fueled by a report in Manager Magazin that Frankfurt-based Commerzbank AG and Munich-based insurer Allianz SE made a combined bid for Postbank valued at about 10 billion euros (USD 15.7 billion). Appel declined to comment today on the report. Deutsche Post has started to collect bids for Postbank, Die Welt reported May 23.

The German government wants to be assured that a sale of Postbank, the country’s largest consumer bank by customers, would result in a stronger banking industry, Economy Minister Michael Glos said in a Bloomberg Television interview May 23. The German government controls about 30 percent of Deutsche Post through development bank KfW Group. Commerzbank Chief Executive Officer Martin Blessing said in a separate interview that he “can imagine a lot” in German banking consolidation.

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