Tag: DHL

Deutsche Post CEO says in no rush on Postbank

Posted by | Jun 15, 2008 | |

Postbank owner, Deutsche Post, is in no hurry to reach a decision on a possible sale of the German retail bank, Chief Executive Frank Appel told Reuters in an interview.

‘I don’t feel any rush or haste. I will decide according to what is best for Deutsche Post, but also for Postbank,’ Appel said on Saturday during a trip to China with German Foreign Minister Frank-Walter Steinmeier.

Postbank, the country’s biggest retail bank, is up for sale and its owner has invited expressions of interest. Sources familiar with the matter told Reuters last week that if offers are good enough, Deutsche Post will push ahead with a sale within weeks.

Deutsche Bank has flagged interest in Postbank, as have Allianz and Commerzbank, which are making a joint approach. They would plan to swallow Postbank into a newly created group that would include Allianz’s Dresdner Bank.

Asked about the possibilities on the table for Postbank, Appel said: ‘We are sounding out options and are not participating in any speculation.’

Appel was participating in a three-day trip with Steinmeier to China, where Deutsche Post’s delivery arm DHL express is moving to strengthen its foothold in the fast-growing market.

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New Zealand exporters remain optimistic

Posted by | Jun 10, 2008 | |

New Zealand exporters remain confident about the strength of their overseas markets, according to a survey, with most unaffected by fallout from the global credit crunch.

A survey of 244 export businesses by DHL in May found that the fluctuating New Zealand dollar against the US dollar was a benefit, with over half of respondents to the bimonthly survey reporting cost savings.

Of the companies to make savings, about a quarter planned to use them to cover rising operating costs such as fuel.

The New Zealand dollar was volatile last month, after surprisingly poor retail and employment data cast further doubt about the strength of the economy and increased the expectations of interest rate cuts.

The kiwi ended May close to where it began, around US78c, but swung about US4c during the month.

Of companies surveyed who export to the US, 58 percent reported no impact to their current export orders, 22 percent experienced a fall and 5 percent had an increase.

Over the next six months, 77 percent of exporters anticipated no change or an increase in orders to the US.

“Given the impact the US sub-prime crisis has caused to markets worldwide and the New Zealand public’s concerns about potential local effects, it is positive that most exporters are reporting they are unaffected by the crisis and even optimistic about orders in the near future,” said DHL Express New Zealand General Manager Derek Anderson.

Eighty percent of exporters expected orders to markets other than the US to remain stable for the next six months.

Key New Zealand trading partners remained solid economically, with Australia and Asian economies growing strongly, and Europe and Japan showing surprising growth, said Jason Wong, Director of Economics and Strategy at First NZ Capital.

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DHL faces anti-trust probe as Ohio representatives question UPS deal

Posted by | Jun 10, 2008 | |

Representatives of the U.S. state of Ohio are pushing for the Federal Justice Ministry to launch an anti-trust probe into Deutsche Post World Net AG.’s plans to tie up its U.S. air express DHL operations with UPS, Die Welt reported.

The representatives are trying to prevent DHL from cutting up to 8,200 jobs in the course of entering into a ten-year co-operation with competitor UPS.

In March, Deutsche Post said its fourth-quarter profit slid by more than 60 percent after it wrote down the value of its DHL unit. DHL is slashing network capacity in the U.S. by 30 percent, which includes closing and consolidating sorting facilities and streamlining pickup and delivery routes.

A spokeswoman for Deutsche Post told Die Welt that the company does not expect U.S. authorities to object to its planned co-operation with UPS.

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DHL Express (USA) ceases @home service

Posted by | Jun 10, 2008 | |

DHL Express just confirmed with PARCEL that it will discontinue the DHL@home product effective September 1, 2008. The service tendered packages to the USPS for final delivery, reducing costs for the shipper.

According to DHL: “By doing so, DHL removes a product that brings with it significant operating costs and is not aligned with our core strengths nor with our more focused network. By eliminating the product from our network, we have the opportunity to further improve performance in our core domestic and international products and long-term financial performance of the US Express business.

“DHL is committed to serving our domestic customers with a network dedicated to continuous improvement in service reliability. We anticipate that discontinuing the @home service with its seasonal spikes of volume and operational complexity will further improve reliability throughout the year and enhance service levels particularly during peak season.”

DHL Express is directly notifying all @home customers of the change.

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DHL expands coverage for urgent deliveries in Russia

Posted by | Jun 9, 2008 | |

DHL’s Time Definite service expanded with over 10 000 new city pairs opened for Domestic Express 9:00 and Domestic Express 12:00 in the Russian market this year. This wide level of coverage for pre-9 and pre-12 services is unmatched by any of DHL’s competitors in the Russian market. It gives customers an unprecedented opportunity to deliver business materials to their customers in cities such as Noyabrsk in Siberia’s oil and gas heartland and Nakhodka, a port on the Pacific coast, with added urgency and reliability.

“DHL Express Russia started preparations for the geographical expansion of its Domestic Express 9:00 and Domestic Express 12:00 products around 3 years ago, and the rapid broadening of our coverage in 2008 reflects the intensive work by our Product Group, Operations, Customer Service and regional staff in particular,’ noted Natalia Bochkova, Head of Commercial Russia, ‘We expect that the investments we have made in all the process, equipment and performance measurements will provide services to the Russian market with on-time delivery as expected by our customers. We’re proud to be the first company in Russia offering this unique product range and coverage.’

The extensive expansion of Time Definite products responds to the growing demand for higher service levels amongst Russian customers as they increase their volumes in the Russian regions outside of Moscow and St. Petersburg. The extended service puts DHL in the lead in an increasingly competitive growth market.

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