Tag: DHL

Allan key to savings from integrating new DHL logistics arms

DHL logistics boss John Allan is learning German, but he relied on old Scottish to sum up the E 220m (USD271m) of savings his team will extract from the billion euro turnover business by spring 2007: ‘Many a mickle makes a muckle’ or every little bit helps. Mr Allan stresses that his three hours a week battle with German grammar is fulfilling a lifelong desire, and is not a Deutsche Post head office edict from the parent company in Cologne: ‘Deutsche Post is an international company and the working language is English. It is a case of wanting to learn German, rather than needing to.’ It was in September last year when Germany’s letters to logistics kraken Deutsche Post confirmed the City rumour-mill by offering GBP3.7bn (USD6.7bn) to acquire UK-based supply chain and forwarding giant Exel, with the latter’s chief executive chosen to head the new division and to lead the integration. ‘I was asked to stay on,’ says Mr Allan, who states that his presence gives ‘continuity’ to the integration process, just as it did when his Ocean Group merged with the ‘old’ Exel in 2000 to create what was then the largest UK-headquartered global logistics player.

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US agency approves USD300m bond issue for DHL

The Dayton-Montgomery County Port Authority on Friday approved the issuance of UD300 million in tax-exempt airport revenue bonds for the DHL air freight hub expansion in Wilmington, capping a nearly twoyear financing ordeal. The approval allows the port authority to reimburse DHL Worldwide Express for about USD200 million it has spent on construction at the former Airborne Express hub.
It follows the settlement of a lawsuit last month by the Clinton County Port Authority that had kept DHL’s financing in limbo since December 2004. DHL is relocating its air freight hub operation from Cincinnati/Northern Kentucky International Airport to Wilmington.

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DHL-Transmile tie up to deliver consignments faster to US from India

Express services provider DHL today announced a tie-up with Malaysia-based air express operator Transmile, which will help it deliver consignments from south India to the US in just two days. The company will deliver consignments from Bangalore, Chennai and other key south Indian markets to the US in two days, a company statement said here. DHL’s tie-up with Transmile would route its consignments from Chennai and Bangalore to its Asia Pacific hub – Hong Kong and it would be further re-directed to its other centres for distribution in east and west coast of the US, it said, adding this route would save time of more than a day for delivering consignments.

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Deutsche Post CEO Zumwinkel mulls acquisitions in China for DHL unit

Deutsche Post AG chief executive Klaus Zumwinkel told Handelsblatt economic daily that the company could seek to expand its DHL logistics operations in China via acquisitions. ‘If there is an attractive takeover target there, then we will take a close look at it,’ Zumwinkel told the newspaper. He also said that DHL wants to increase sales in China by 30-35 pct per year. DHL has a 40 pct share of the Chinese logistics and express mail market.

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DHL to spend 24 mln usd on Beijing headquarters for Sinotrans jv express ops

Deutsche Post World Net unit DHL said it will spend about 24 mln usd to set up a flagship headquarters for the express operations of its joint venture with China’s Sinotrans. DHL said in a statement that the investment in the new Beijing headquarters, to open in 2007, will push the commitment it has made to Greater China operations in recent years to over 900 mln usd.

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