Tag: Germany

Postal Business Shrinking

Posted by | Sep 10, 2006 | |

Deutsche Post AG (DPW.XE) has warned potential postal service competitors not to place too much hope in making profit in the shrinking German postal market, which reflects a global trend, weekly WirtschaftsWoche reports Sunday ahead of publication Monday.

Deutsche Post board member Hans Dieter Petram tells the magazine that classic letter-posting, excluding advertising, is expected to shrink by about 20% in 10 years, replaced by email.

The liberalization of the postal service in Germany at the end of 2007 won’t change that fact, he adds.

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Rhenus takes over part of TNT unit Cendris in Germany

Posted by | Sep 7, 2006 | |

German logistics group Rhenus has acquired parts of postal services company Cendris Deutschland, a TNT subsidiary. Rhenus Office Systems has taken over the document logistics activities of Cendris in Germany with effect from September 1, 2006, Rhenus said in a statement. This was because TNT had decided to concentrate on its mail and parcels network business.
Rhenus would integrate the Cendris outsourcing services in the fields of internal postal departments and document management. This would enable Rhenus to offer a full range of postal outsourcing services from incoming mail to archiving.

The Rhenus Logistics group, with annual turnover of euro 2.3 billion and 11,000 staff across all its logistics activities, said that it has several thousand Office Logistics customers, including renowned companies such as DaimlerChrysler, BMW, Bayer and the Allianz group.

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The hunter hunted? DPWN targeted by private equity company

Posted by | Sep 7, 2006 | |

DPWN CEO Klaus Zumwinkel has made a public statement welcoming the prospect of a major purchase of equity by Blackstone, the very large American private equity company. “Private equity and hedge funds are welcome because they invest and lift the shares higher” he said in an interview with a newspaper.
Yesterday rumours emerged in the US, UK and German stock markets that Blackstone was planning to buy a 10% stake in the company. The German state investment bank KfW initially denied that there would be a sale to Blackstone.
A further tranche of DPWN has just been sold by the German government through KfW, increasing the liquidity of the stock and making it easier for Blackstone to buy into the corporation. A 10% stake would make Blackstone the largest stockholder after the German government. Blackstone is also a major investor in the other big German privatised company, Deutsche Telecom.
Transportation infrastructure has been the target of substantial interest by private equity groups. Their motivation varies. Some –such as the pension funds are looking for long-term stable income stream and are willing to pay a premium. An example of this was the ‘ADMIRAL’ consortium that bought Associated British Ports earlier this year.

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Deutsche Post: Best Annual Report 2005

Posted by | Sep 6, 2006 | |

Deutsche Post AG has been awarded first place for its corporate reporting in 2005. In this year’s manager magazin’s “Best Annual Report” ranking, Deutsche Post is in top position. Its reporting has thus jumped from sixth place last year, to the top. The elements assessed were the content, financial communication, format, language and reporting efficiency of more than 200 annual reports.

The four expert assessor teams and the independent jury considered that a key factor in its top ranking was the outstandingly high efficiency of the Deutsche Post report. “The annual report is striking for its transparency, and its brevity,” adds manager magazin.

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DHL introduces first mailbox for parcels

Posted by | Sep 5, 2006 | |

Starting today, DHL is introducing 40 Paketboxes in and around Frankfurt/Main. Here, customers can drop off their postage-paid small packages and parcels up to 20 kilograms around the clock without having to register beforehand.

The yellow Paketboxes, about one-and-a-half-meters high, can be found in heavily frequented locations and represent an additional service from the Post subsidiary that customers can use independently from retail outlet business hours. After a successful test phase, the Paketboxes will be introduced across the country.

“With the Paketbox, we are expanding the service for our private customers with an interesting alternative and demonstrate once again why DHL is the leader in the express and logistics market,” said Boris Mayer, marketing manager for private customer business at the Post subsidiary DHL Express Germany.

DHL is introducing 40 Paketboxes in and around Frankfurt/Main
The Paketboxes accept small packages and parcels up to 60 x 40 x 40 centimeters in size and will be emptied once a day Monday through Saturday – if necessary, even several times a day.

“The new boxes are not competing with the Packstations,” Mayer emphasized. Customers can not only deposit their shipments 24 hours a day at over 700 Packstations across the country, they can also pick up their shipments there and buy postage for small packages and parcels as well.

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