Tag: DHL

Deutsche Post Profit Falls 11 pct on DHL U.S., Postbank

Posted by | Jul 31, 2008 | |

Deutsche Post AG , said second-quarter profit fell 11 percent on costs to revamp the DHL Express division’s U.S. unit and after writedowns hurt earnings at Deutsche Postbank AG.
Net income fell to 254 million euros (USD 396 million), or 21 cents a share, from 285 million euros, or 24 cents, a year earlier, Bonn-based Deutsche Post said in a statement. Sales rose 5 percent to 16.2 billion euros.
Chief Executive Officer Frank Appel forecast in May that the DHL U.S. express-delivery unit will suffer a loss of USD 1.3 billion this year as a slowing U.S. economy hurts demand for air shipments and the business struggles to compete with United Parcel Service Inc. and FedEx Corp. Postbank, also based in Bonn, yesterday 30th July reported a 21 percent drop in second-quarter profit because of writedowns on debt-related investments.
Deutsche Post announced plans in May to limit losses at the U.S. express-delivery operations by shrinking the network, firing workers and transferring air deliveries to Atlanta-based UPS. The revamp will cost the mail carrier USD 2 billion through 2009, it forecast at the time. Deutsche Post said today the unit’s reorganization is “on track” and that talks with UPS over a final contract are making progress.
Postbank, of which Deutsche Post owns 50 percent plus one share, said yesterday that second-quarter net income fell to 119 million euros from 151 million euros a year earlier after writing down the value of securities by 143 million euros. The quarter’s markdowns bring Postbank’s total losses related to the U.S. subprime-mortgage-market collapse to 429 million euros.
Appel said in a statement today that the mail carrier is having discussions with “various potential partners” on the bank’s future. Deutsche Post announced June 25 it’s holding “exploratory” talks about a sale of Postbank as the company focuses on mail, express deliveries and logistics.
Postbank may fetch 9 billion euros to 11 billion euros, Carsten Werle, an analyst at Sal. Oppenheim in Frankfurt, wrote to investors this month. The bank has a market value of about 7.6 billion euros after the stock dropped 23 percent this year.

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DHL enlarging in Seville

Posted by | Jul 31, 2008 | |

DHL Express, a member of Germany’s giant mail service provider Deutsche Post World Net, recently phased in a new logistics terminal on an almost 21,000 sqm tract of land in the Carmona logistics park in the province of Seville (Andalusia, Spain). The facility provides 7,390 sqm of useable space and is equipped with a total of 90 loading bays, 26 of which are for HGVs, and 64 for small delivery vans and CEP vehicles. The new DHL logistics platform handles domestic and international overland traffic, as well as sea and airfreight services. DHL invested over EUR 7.7 million in the new complex, which can process up to 3,500 parcels per hour.

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Boom in Czechs purchasing American internet goods

Posted by | Jul 31, 2008 | |

The number of parcels arriving in the Czech Republic from the United States has shot up dramatically, with Czechs taking advantage of internet shopping and the strength of the crown.

Czech postal service is being inundated with parcels arriving from the United States. The postal service has handled over 120,000 packages arriving from the states in the first six months of this year alone – that is up from 70,000 during the same period last year. Ivo Mravinac is a spokesperson for Czech Post, he thinks the glut of incoming packages is down purely to economics:

“The dollar has taken a big hit against the crown and Czechs have done two things. One, they have become increasingly interested in internet shopping and two, they have realized that they can make big savings buying foreign goods, especially from the United States. And this has had a knock-on effect on the number of parcels we are receiving from America. In May 2007, we received 4,900 parcels from America, in May 2008, that number was up to 7,500.”

Couriers such as DHL and UPS back up Mr Mravinac’s statistics. DHL says it has experienced a 99 percent rise in the number of American parcels it handles.

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Obama and McCain take up DHL Wilmington cuts as campaign issue (U.S)

Posted by | Jul 30, 2008 | |

US presidential candidates Barack Obama and John McCain yesterday 29th July, turned DHL’s planned closure of its Wilmington air hub and its proposed cooperation with UPS into a top-level campaign issue. More than 8,000 jobs would be lost in a key political battleground amid growing fears of a US recession. Separately, pilots of DHL airlift supplier Astar Air Cargo took further legal action against the planned DHL-UPS airlift deal.

Obama, who discussed the DHL issue with Ohio officials earlier this month, yesterday wrote to the White House Domestic Policy Council calling on the US justice department to investigate the DHL-UPS agreement for potential anti-trust issues, and urging government support to help DHL workers find new jobs should the deal go ahead.

The Republican candidate, John McCain, issued a statement saying he supported the demand for the proposed DHL-UPS deal to be reviewed by federal and state agencies “for any potential violations of applicable law”. He also favoured government assistance for DHL workers who lost their jobs.

The statements were welcomed by Wilmington mayor David Raizk who commented that since Ohio was such a critical state “in some ways, the road to the presidency leads through Wilmington”. The “ Save The Jobs” coalition of community leaders and DHL Wilmington workers had previously called on both Obama and McCain to visit the hub to talk directly with affected staff. McCain will visit Wilmington in early August, according to the Dayton Daily News.

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