The British post’s subsidiary GLS has accused DHL of practising price dumping in Germany. In an interview with the daily “Die Welt”, CEO Rico Back said the Deutsche Post parcel subsidiary would undercut GLS tariffs with discounts between 8 and 10% or 20 to 30 cent per parcel. DHL would guarantee customers the same price until 2007 and exclude any increase due to higher road toll or fuel costs. Mr Back called the practice “untrustworthy”.
Read MoreExel PLC have refused to comment on rumours that Deutsche Post AG is preparing a bid for the group.
The bid rumour pushed shares in the logistics and freight management group 8 pence higher to 860 at 12.05 pm.
‘The company does not comment on market speculation,’ a spokeswoman for Exel said.
Exel’s share price has recently been buoyed by intense speculation about a bid, with United Parcel Service Inc (UPS) and Federal Express also mentioned as potential bidders. At today’s price, Exel would be valued at about 2.56 bln stg.
Last month, the group was subject to a round of takeover speculation after it posted a 15 pct increrase in underlying pretax profits to 170.2 mln stg.
Read MoreSome info re Odewald/Trans-o-flex from Ludwig-Michael Cremer)
Odwald & Cie are a private equity company with several hundreds of
million Euros which should be invested primarily in logistics
providers. The founder and chief of the company, Dr. Jens Odewald, has
been a former Logistics Chief of Kaufhof. He and his wife are fans and
friends of former German chancler Helmut Kohl and have been the largest
sponsors of Kohl when he collected money to pay the fine, his party was
filed because of illegal fund raising through Kohl himself. NB: Odewald
was the guy who brought together Peter Amberger and Dr. Klaus Zumwinkel
when Deutsche Post bought trans-o-flex.
German logistics service company DHL Logistics will open a logistics centre in Poland, to be used by the US-based razorblade maker Gillette, in early April 2005.
Gillette’s 18,000 sq m logistics centre, to be located in Dabrowa Gornicza, in the Katowice Special Economic Zone (Katowice SEZ), in southern Poland, will be the largest distribution centre of Gillette in Europe, Katowice SEZ authorities said.
The centre will be build on a 28-hectare land, purchased by the UK-based property developer Parkridge Developments in 2004. DHL Logistics is a business partner of Parkridge Developments and prepares logistics centres for investors in the Katowice SEZ.
Read MoreDuMont-Schauberg, Rheinisch-Bergische Druckerei- und Verlagsgesellschaft and W. Girardet, three German local newspaper publishers based in the west of the country, are to form a mail delivery joint venture, which will be named West Mail. Business customers with large volumes of mail will constitute the main target market for the new company, which is to be launched in the coming month.
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.
