Kuehne & Nagel achieves goals in 2003
Kuehne & Nagel achieves goals in 2003
Read MoreTag: Germany
German Deutsche Post improves night airmail network
Deutsche Post is continuing to improve its night airmail network. From March 29 this year, the number of flights transporting mail within Germany will be reduced from 23 to 20 per night. Trucks and sprinters will take the place of the canceled flights – with neither a loss in quality nor a time delay for the customer. This improvement will also bring further relief to Frankfurt am Main airport.
Read MoreDeutsche Post employees to be offered discounts on Postbank shares
Employees of Deutsche Post, the German postal service group, are to be offered a discount on the price of shares in Deutsche Postbank, the group’s banking subsidiary, when it is floated on 21 June 2004. employee participation schemes are said to be likely. One scheme would allow employees to subscribe to shares to an upper limit of 270 euros. The alternative, so-called individual investment scheme would allocate interested employees the shares which they subscribed, even in the case of heavy oversubscription. However, employees would be required to subscribe to share packages worth at least 400 euros.
Read MoreLufthansa increases focus on value added logistics
Lufthansa increases focus on value added logistics
Read MoreDeutsche Post’s banking unit eyeing flotation before summer
Postbank, the banking arm of the semi-privatised German postal authority Deutsche Post, has said it is planning to list on the stock exchange before the summer.
“Barring any unforeseen circumstances, Postbank shares will be listed on the stock exchange for the first time before the summer break,” Postbank chairman Wulf von Schimmelmann said in a statement, without providing any precise date.
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