Tag: Germany

Cathay Pacific’s venture with DHL soaring

Posted by | Jun 29, 2005 | |

Sales contributions from Cathay Pacific Airways’ cargo partnership with logistics giant DHL could almost triple by 2007 as demand expands in the Asia Pacific, according to a statement from the carrier to the stock exchange yesterday.

Cathay, which is the majority 60-40 partner with DHL in the all-cargo airline, Air Hong Kong (AHK), said DHL’s growing appetite for space on AHK flights might generate annual sales as high as 2 billion dollars by 2007, compared with an estimated 715 million dollars last year.

The international express delivery specialist uses AHK’s seven-strong freighter fleet to connect a network of Asian cities – from Shanghai to Singapore – to its USD100 million central Asia hub at Chek Lap Kok.

Asia’s biggest express operator by volume has also been reviewing expansion plans for the hub, which is operating at near its daily 440-tonne capacity after a year of operations.

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Deutsche Post confirms to open up to 300 rural branches starting in Sept

Posted by | Jun 27, 2005 | |

Deutsche Post AG confirmed a press report that it will open up to 300 small branches in the rural areas of Germany from September this year onwards. With the move, Deutsche Post wants to test to what extent it can offer financially viable basic postal services even after it loses its stamp monopoly in late 2007, a spokesman for the company said, confirming an earlier report in Sueddeutsche Zeitung newspaper.

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New Deutsche Post retail outlet format

Posted by | Jun 27, 2005 | |

Come September 2005, Deutsche Post will be testing a new retail outlet format at some 300 locations. Working together with retail partners, the Company will set up outlets carrying a streamlined basic postal product line. In doing so, Deutsche Post is putting a sales format to the test which, with an eye to the exclusive license set to expire at the end of 2007, should be financially viable and at the same time adapted to significantly changed customer behavior. If Deutsche Post customers respond favorably, the intention is to extend the pilot project starting in the spring of 2006. Basic services such as postage stamps, parcel-post stamps and Packsets will be offered, but not special services with low demand (e.g. COD, issuing warehoused items) and banking transactions.

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Eichel says German gov may sell Telekom and Post shares to plug budget hole

Posted by | Jun 26, 2005 | |

Germany’s finance minister Hans Eichel said the government may sell its remaining shares in Deutsche Post AG and Deutsche Telekom AG to help reduce its budget deficit, according to an interview in the Welt am Sonntag newspaper. Asked how he could plug the country’s budget hole, Eichel said: ‘Without pinning myself down, we could sell our stakes in (Deutsche) Telekom and (Deutsche) Post. Of course we will take into consideration share-price developments, that is why we would again park the shares with the (state-owned) KfW bank,’ he told the newspaper. Eichel added ‘we could also sell our stakes in airports which we have not yet sold’.

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DHL to expand logistics centre

Posted by | Jun 24, 2005 | |

DHL is planning to expand its logistics centre in Staufenberg, Germany, due to a rise in demand. The new multi-function centre is to become operational at the beginning of October. The company is to invest 44m euros in its expansion plans, which will lead to the creation of 300 jobs. The expansion of DHL’s logistics capacities is being carried out in direct response to concrete demands from customers for integrated logistics services.

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