Tag: Deutsche Post

Hermes Logistik Gruppe to enter German letter market in 2008

Posted by | Aug 28, 2007 | |

Hermes Logistik Gruppe, a Hamburg-based logistics groups, plans to enter the German letter market in 2008, its Managing Director Hanjo Schneider told Hamburger Abendblatt.

He said that from January customers could use the company’s 13,500 parcel stations to post letters.

Schneider added that prices will be 15-20 pct below current postal tariffs of incumbent Deutsche Post World Net AG.

The letters, which will take two days to deliver, will be distributed by TNT NV’s TNT Post, in which Hermes owns a 29 pct stake.

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Hermes mulls legal steps if German government extends VAT exemption for Deutsche Post

Posted by | Aug 27, 2007 | |

Hermes, a Hamburg-based logistics groups, is considering legal steps if the German Finance Ministry extends the VAT exemption for Deutsche Post World Net AG beyond 2007, its Managing Director Hanjo Schneider told Frankfurter Allgemeine Zeitung.

The tax exemption violates EU law, he said.

Deutsche Post enjoys an exemption from Germany’s 19 pct value-added tax in its letter and parcel services in return for its promise to deliver mail to every German household.

Without this advantage, Deutsche Post would have to raise its parcel prices ‘substantially’, Schneider said.

Hermes, which owns 29 pct in TNT NV’s TNT Post, moved some 50 mln parcels last year.

Schneider also criticized government plans to introduce minimum wages for postal workers.

If Deutsche Post’s wage agreement becomes a benchmark for the industry, the road into the letter market for new providers remains blocked, he said.

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UPS expresses interest in Deutsche Post

Posted by | Aug 24, 2007 | |

Rumors are rife that UPS and private-equity firm Apax Partners Worldwide may bid for a stake in Deutsche Post.

The operator’s share value rose on the back of the speculation and 2Q results. “Deutsche Post are boosted by the rumor Apax and UPS might bid 28 euros a share for about 30 per cent in the company,” said Thomas Nagel, a trader at Equinet AG in Frankfurt.

2Q profit rose 13 per cent as the DHL express division increased package volumes in Asia and earned more per shipment in the US.

Net income rose to 285 million euros, from 252 million euros, or 21 cents, a year earlier.

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Postbank hoping to boost profits with new strategy

Posted by | Aug 24, 2007 | |

Deutsche Postbank, the banking subsidiary of German postal service operator Deutsche Post, is hoping to boost its profits thanks to a new strategy, which is to be presented in December. In its retail banking business, the bank wants to have a sales system that will increase profits through the involvement of partners. Postbank is Germany’s largest multi-branch bank, with 14.6 million customers, according to the latest figures.

The bank has already said that it is aiming to increase profits in business with corporate customers by 50 per cent by 2010. This would bring the profit in this division to almost 560m euros, compared with 372m euros last year. Despite increasingly tough competition, Postbank is confident that it will meet its target of gaining over 1 million new private customers this year. Almost 60,000 new current accounts are reported to have been opened in July.

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DHL to seal ties with India Post

Posted by | Aug 24, 2007 | |

Deutsche Post is looking at developing a strategic partnership with the Indian postal system.

Through this venture, both postal authorities are aiming at strengthening their global business operations. The entities are in early stages of discussions to ascertain specific segments, like last mile delivery, sharing infrastructural facility & technological innovations in which they could strike a partnership and initiate operations.

According to sources close to the development, with this strategic partnership, DHL will leverage India Post’s vast infrastructural facility, almost 150,00 post offices spread all over India, for their last mile delivery operations and increasing its market penetration. India Post, on the other hand, will be looking at benefiting from the superior technical expertise of DHL in handling logistics operations. The final structure of the relationship, though, is yet to be finalized.

DHL, along with its 81 pct stake in the Indian air express company Blue Dart, already has a huge footprint in India in the express logistics and freight forwarding segment, though, limited to semi-urban and urban areas.

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