US express challenge for Deutsche Post
Deutsche Post has called the turnaround in its US express service business one of the major challenges for the next year. Chief executive Klaus Zumwinkel underlined, though, that the postal and logistics group has no intention of withdrawing from the US. ‘The setbacks in 2005 in connection with the integration of the hubs do not lead to a change in direction. Rather, they lead to a strengthening of our efforts,’ he said. DHL’s US express business suffered a loss of EUR400m (USD512m) last year, which was less than a year earlier but more than expected. Mr Zumwinkel underlined that as a global logistics player, a presence on this market was inevitable. 20% of Deutsche Post’s express volumes were coming from or destined for the US. The chief executive added that the division should be profitable from 2009.
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