Deutsche Post is looking for ways in which to speed up letter deliveries. The group admitted problems with rapid deliveries and said that it was working on ways in which to ensure that all customers received their post before 1pm.
Read MoreThe German CEP service provider Trans-o-Flex Schnell-Lieferdienst GmbH is now definitely in the ownership of TT Tour-Trans. The German cartel authorities recently gave their approval for the takeover. The companies agreed not to disclose the purchase price.
Read MoreChina will account for as much as three quarters of DHL Express’s Asia-Pacific revenue in five years, up from more than 45 percent now, a senior executive said on Thursday. Asked about China’s contribution to Asian revenue, Jerry Hsu, DHL’s president for Greater China and Korea, told Reuters: “Hopefully, we will (have) at least 70 to 75 percent five years down the road. We have over 45 percent currently”. DHL, the express subsidiary of Deutsche Post World Net, expects revenue there to grow by more than half this year on top of 50 to 60 percent growth last year. “If GDP grows 8 to 9 percent, international express is going 30 to 40 percent, and we always aim to equal or grow faster than the market,” said Scott Price, DHL’s Asia-Pacific chief executive. DHL posted 3.4 billion euros (USD4.1 billion) of revenue in Asia in 2004, versus more than 24 billion euros worldwide, according to the latest figures provided in materials on Thursday.
Read MoreGerman postal service group Deutsche Post AG expects to raise profit and pay higher dividend in 2006 against 2005, company CEO Klaus Zumwinkel said on October 13, 2005.
Deutsche Post will generate higher profit in 2006, excluding the acquisition of British logistics group Exel plc, which will not influence next-year results, Zumwinkel added.
Deutsche Post forecast strong growth at its express courier, logistics and financial service divisions, which are expected to register an operating profit of 1.6 bln euro (USD1.918 bln) in 2005. Profit at the mail division is seen at 2.0 bln euro (USD2.398 bln).
Read MoreDeutsche Post AG chief executive Klaus Zumwinkel said he is disappointed with the integration of DHL in France and the UK, according to an interview to be published in Handelsblatt tomorrow.
But Zumwinkel said he has taken steps to speed up the process, including sacking the head of UK operations.
Deutsche Post acquired DHL in 2002, and has successfully completed the integration of the unit at its German and Dutch operations.
The matter is significant because Deutsche Post must now focus on integrating Exel Plc, which it agreed to acquire for 5.5 bln eur last month.
Overall, Zumwinkel said Deutsche Post’s biggest upcoming challenge will be to ensure that its logistics operations grow at the same pace as the overall market.
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