German postal service group Deutsche Post AG is more than interested in attracting large financial investors in its shareholders’ structure, group CEO Klaus Zumwinkel said on May 8, 2006 in an interview to a German newspaper.
Deutsche Post has a high and constant dividend yield, Zumwinkel said. The business prospects are excellent and the financial situation is more than solid, he added.
Deutsche Post is eyeing a move into the Chinese letter delivery market, board member Klaus Knappik said in a newspaper interview published Monday. “We could imagine teaming up with the Chinese post office to offer certain value-added letter delivery services. I can’t say any more than that at the current juncture,” Knappik told the daily Die Welt. Deutsche Post is already active in China via its express delivery unit DHL, which has a partnership deal with Chinese firm Sinotrans.
Read MoreTNT NV chief executive Peter Bakker said he expects his company to gain 15 pct market share in Germany within four to five years of 2008, when the country’s mail business is being liberalized, according to an interview in Welt am Sonntag newspaper. ‘If the market is really opened up in 2008, I believe that we will have 15 pct four or five years later,’ he said. He said TNT believes that Deutsche Post World Net AG will have to give up up to 40 pct of its local mail business to competitors once Germany’s mail industry is liberalized.
Read MoreThe German express and parcels industry is set for further consolidation in the next few years against a background of low growth in the mature domestic market and stronger growth for cross-border volumes. Meanwhile, trends such as rising B2C volumes driven by e-commerce and new technologies such as RFID will play even more important roles in the future. Those were the key messages from senior industry managers in a panel discussion at the recent “European CEP Congress” in Bonn.
Read MoreFormer Deutsche Lufthansa chief Jurgen Weber is to become head of the supervisory board at logistics company Deutsche Post AG, Die Welt reported. The newspaper said that after six years at the helm of the supervisory board, Josef Hattig will step down May 10. Weber, considered to be a favourite candidate of current Deutsche Post chief Klaus Zumwinkel, is looked at with mistrust by other workforce representatives, according to the paper. He would head the supervisory board until November 2008, the paper added.
Read More
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
