Tag: Germany

Clement opposes EU demand to restrict Deutsche Post’s monopoly

Posted by | May 6, 2004 | |

German Economics and Labor Minister Wolfgang Clement said he opposes a European Union demand to amend a law protecting Deutsche Post AG’s monopoly on some services.

Companies including Federal Express Europe Inc. and United Parcel Deutschland Inc. & Co. say the mail carrier’s letter monopoly, protected through 2007, infringes EU competition rules. Mario Monti, the trade bloc’s competition commissioner, wants a legal amendment, easing Deutsche Post’s domination of so-called mail preparation activities, such as collecting and sorting.

Read More

Deutsche Post reaffirms FY EBITA forecast; aims to be No. 1 logistics co

Posted by | May 6, 2004 | |

Deutsche Post World Net AG said it still expects to post 5-10 pct growth in EBITA in 2004 and said it hopes to be the world’s top logistics company by next year.

‘This year … we want to increase our operating results (EBITA),’ CEO Klaus Zumwinkel said in his opening speech at Deutsche Post’s annual general meeting.

He said the company expects ‘particularly strong EBITA increases in the Express division and in Financial Services’ this year.

Read More

time:matters takes same:day and next-day to America

Posted by | May 5, 2004 | |

time:matters enters into partnership with United Airlines Cargo to take the same:day express courier service across the Atlantic, and with TNT Express for its US Night Express next-day service. Effective immediately time:matters GmbH, a subsidiary of Lufthansa Cargo AG, will be working together with United Airlines Cargo in the European-American express logistics market. Also effective this week, TNT Express is offering its product – US Night Express – through a partnership with Lufthansa’s time:matters.

Read More

German Postbank reducing planned IPO size to EUR 1.5 – 2bln

Posted by | May 4, 2004 | |

Deutsche Post World Net AG’s unit Postbank AG is reducing the size of its planned IPO to 1.5-2.0 bln Eur from an earlier estimated 3 bln, Handelsblatt said, citing banking sources.

It said the number of shares to be sold would be smaller than planned. Postbank has said it wants a listing before mid-July, and previously hoped to raise 2.5-3 bln Eur from the share sale.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

Have you noticed a decrease of non-EU inbound parcel volumes since the implementation of the new €3 charge?

Thank you for voting
You have already voted on this poll!
Please select an option!


View ResultsHide Results

Post & Parcel Magazine


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.

Subscribe to the Magazine

 

Pin It on Pinterest