Air cargo missing out on China boom
Air cargo missing out on China boom
Read MoreTag: Germany
Deutsche Post World Net observes opening of French postal market
Deutsche Post World Net, the German-based postal services and logistics group, is reported to be observing the opening up of the French postal market, but is said to have doubts regarding the full deregulation of that market next year.
The German group, which acquired the US-based parcel forwarding company DHL in 2002, showed turnover of 40bn euros last year. It is currently planning to develop its parcel forwarding activities in Asia.
Dutch & Germans Ready to Buy Into Austria Post
The Dutch and German Post Offices are keen to buy into their Austrian counterpart and may do so next month, said press reports on Thursday. The first step would be at a forthcoming supervisory board meeting of the Austrian holding company for state industry (OEIAG), when it was expected to decide on a public offer of 25 per cent plus one share – a blocking minority – of the Austrian Post Office. The reports said the Dutch and Germans both considered the Austrian Post Office an attractive proposition.
Read MoreDeutsche Bahn IPO still set for 2006
Deutsche Bahn IPO still set for 2006
Read MoreDeutsche Post earnings down
Deutsche Post, the German postal group, reported first-quarter core earnings down 2 per cent yesterday, largely because of costs associated with its acquisition of Airborne of the US and weakness in its key mail division. The group said the costs of integrating Airborne resulted in its earnings before interest, tax and amortisation falling to EUR 930m (USD1.1bn) in the three months to March, compared with EUR 951m a year ago.
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