Tag: Germany

Wincanton relaxed on Deutsche Post takeover of Exel – interview with Chief Executive

Posted by | Nov 9, 2005 | |

Wincanton PLC, the pan-European logistics group, is relaxed about the competitive implications of Deutsche Post AG’s agreed 5.5 bln eur takeover of Exel PLC that will create a world leader in air and sea freight forwarding and contract logistics, according to chief executive Paul Bateman. He said the deal won’t make the combined group any bigger in terms of UK logistics as Deutsche Post currently doesn’t have a presence. ‘On the Continent yes they will be bigger but I would guess that on the track record of Deutsche Post acquisitions ‘watch this space and see if they make any progress’. Last month Klaus Zumwinkel, Deutsche Post’s chief executive, admitted he was disappointed with the integration of DHL, which it acquired in 2002, in both France and the UK. Bateman noted that, unlike Wincanton, Deutsche Post has a presence in both America and in Asia and delivers letters and parcels.

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DHL Launches “Virtual Warehouse” for US Importers

Posted by | Nov 9, 2005 | |

DHL today announced the launch of the DHL Danzas Air & Ocean Consolidated Distribution Service (CDS), a new service that allows customers to reduce brokerage fees and shorten delivery times for U.S. imports from Asia, Europe and Latin America. During the pilot stage of the service with U.S.-based customers, CDS reduced cycle times and improved time-to-market; eliminated warehousing and distribution center costs; and reduced inventory carrying costs and customs clearance costs for several large DHL shipping customers, while providing point-to-point tracking services. DHL is now offering the service to all high-volume U.S. importers looking to streamline their supply chain.

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Deutsche Post plans no Jan 1 price hikes for private customers – Kruse

Posted by | Nov 8, 2005 | |

Deutsche Post World Net AG is not planning a traditional Jan 1 price hike for private customers next year in reaction to mounting competition, Die Welt newspaper said in a report to be published tomorrow, citing management board member Peter Kruse. ‘We will not stand by helplessly,’ Kruse said. ‘But that doesn’t mean that we will change prices.’

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Deutsche Bahn to buy BAX Global

Posted by | Nov 7, 2005 | |

Deutsche Bahn, the German state-owned railway company, is preparing to acquire BAX Global, the U.S. freight forwarder, in a bid to catch up with the consolidation sweeping the global logistics industry. Europe’s biggest railway operator is likely to pay between $960 million and $1.2 billion for Irvine, Calif.-based BAX, a unit of the Brink’s Co., a security and logistics company. Deutsche Bahn will decide whether to proceed with the acquisition at an extraordinary meeting of its supervisory board on Saturday, according to German press reports. Deutsche Bahn is expected to fold BAX into Schenker, its freight forwarding unit that has been under pressure to match recent takeovers by rivals, most recently Deutsche Post’s $6.7 billion acquisition of Exel, the UK’s largest ocean and air freight forwarder and contract logistics company, and Swiss-based Kuehne & Nagel’s $588 million acquisition of Paris-based ACR Logistics from Platinum Equity Group, a private U.S. investors group.

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Deutsche Post Q3 EBIT 560-860 mln eur vs 484 mln eur

Posted by | Nov 3, 2005 | |

Deutsche Post AG will report next Thursday that third quarter EBIT rose to between 560-860 mln eur from 484 mln, as strength in logistics and financial services operations compensated for weakness in its domestic mail operations, analysts said.

They expect third quarter sales to reach between 11.040 and 11.881 bln eur, up from 10.669 bln eur.

Third quarter net is seen between 290 and 408 mln eur, up from 169 mln, analysts said. They noted that part of this increase stems from accounting changes, as Deutsche Post’s EBIT figure benefits from the discontinuation of goodwill amortisation, which carries through to the bottom line.

During the 2.00 pm CET conference call, analysts will focus on Deutsche Post’s efforts to integrate its DHL express operations in France and the UK.

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