Tag: Germany

Deutsche Post to sell Trans-o-Flex stake after ruling

Posted by | Dec 21, 2004 | |

Deutsche Post AG plans to sell its 24.8 percent stake in the Trans-o-flex Schnell Lieferdienst GmbH parcel sorting company after a German court blocked the purchase on antitrust concerns. Deutsche Post bought the Trans-o-flex holding in July 1997 and four years later asked Germany’s Cartel Office for permission to buy the remainder from Bayerische Landesbank. Deutsche Post went to court after regulators rejected the proposal in 2001. Germany’s Federal Court of Justice in Karlsruhe in a ruling today confirmed a lower court decision blocking the takeover. “After the decision of the Federal Court of Justice, the company will continue with its good cooperation with trans-o- flex,” Bonn-based Deutsche Post said in a faxed statement today. “The extent of the cooperation will be decided on a case-by-case basis.”

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DHL in 50/50 jv with New Zealand’s NZ Post

Posted by | Dec 20, 2004 | |

Deutsche Post World Net AG’s express mail courier DHL said it has agreed to launch a 50/50 joint venture with New Zealand’s NZ Post.

German newspaper Die Welt reported at the end of November that the two groups were close to agreeing a joint venture.

The company gave little detail about the operations of the new venture but did suggest it will compete in the New Zealand-Australian express mail market by giving a figure for the sales potential of this market of about 185 mln aud per year.

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HSE24 contracts logistics out to DHL

Posted by | Dec 17, 2004 | |

DHL, the logistics subsidiary of German postal service operator Deutsche Post, has won a contract to carry out logistics services for the teleshopping channel Home Shopping Europe (HSE24). It will take responsibility for all logistics activities for the teleshopping provider with effect from 2006, and is investing 35m euros in a new logistics centre, which will create 250 new jobs. Management estimates turnover of an eight-figure sum. The number of parcels which will be forwarded under the contract is estimated at up to 40,000 daily, or six million each year.

Rival teleshopping channel QVC, for which DHL had provided a similar service, recently switched to Hermes Logistik, a subsidiary of mail order group Otto, as a logistics service provider. Hermes Logistik estimates that it will forward 10 million parcels annually for QVC.

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HSE24 and Deutsche Post agree on long-term partnership

Posted by | Dec 16, 2004 | |

DHL and the shopping channel HSE24 (Home Shopping Europe) signed on to a far-reaching alliance today. Konrad Hilbers, Chairman of the HSE24 Board and Peter Kruse, Deutsche Post World Net board member, sealed the deal by signing an agreement in the presence of North Rhine-Westphalia Undersecretary Miriam Meckel in Düsseldorf. DHL Fulfilment will take over HSE24’s entire logistics beginning in 2006 and will be constructing a new logistics center in Greven as a result. DHL’s Euro 35 million investment, going up in the immediate vicinity of an already existing parcel center, will create some 250 new jobs. HSE24 customers will benefit from even faster and more reliable delivery service.

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Deutsche Post ‘optimistic’ on talks to buy KarstadQuelle’s logistics ops

Posted by | Dec 16, 2004 | |

Deutsche Post World Net AG is optimistic about the progress of its talks to acquire the logistics operations of troubled retail group KarstadtQuelle AG, said Deutsche Post management board member Peter Kruse.

‘We are looking at this with an optimistic stance,’ he said, while declining to comment on details of the ongoing talks.

Karstadt, which is undertaking a radical restructuring in an attempt to return to profitability, has said it expects to reap around 1 bln eur from the sale of subsidiaries. Between 200 and 400 mln eur of that is expected to come from the sale of its logistics operations.

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