Tag: Germany

No one-stop shop for us: express is our niche, pledges GeoPost

Posted by | May 19, 2003 | |

Claude Béglé, CEO northern Europe for GeoPost, bucked the popular trend towards the logistics one-stop shop earlier this month by calling for more focus on the express industry. By working in a niche market, GeoPost was able to get business from logistics operators anyway, he said. “They come to us, but if we were in competition they would not. We want to concentrate on two services – parcels and international express.” International traffic contributed 8% to revenues last year and GeoPost is projecting a 10% increase this year.

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Deutsche Post boss confident on Airborne takeover

Posted by | May 19, 2003 | |

Deutsche Post’s top executive on Monday said he didn’t think a probe by U.S. regulators would block the German mail and express company’s USD1.1 billion takeover of Airborne Inc. “The takeover is legally OK. We’re relaxed about it,” Chief Executive Klaus Zumwinkel said at an industry conference in Bonn. Deutsche Post plans to spin off Airborne’s airline assets into DHL Airways, an independent company that it says complies with U.S. laws requiring American ownership of domestic carriers.

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Judge schedules DHL Airways pre-hearing

Posted by | May 19, 2003 | |

The administrative law judge overseeing the controversial DHL Airways citizenship case has scheduled a pre-hearing conference for May 27. Ronnie L. Yoder, the Department of Transportation’s chief administrative law judge, has to issue a recommended decision by Oct. 31.

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Dr Klaus Zumwinkel presented with “Industry Leadership Award 2003”

Posted by | May 15, 2003 | |

Dr Klaus Zumwinkel, Chairman of the Board of Management of Deutsche Post World Net, was honoured at the 4th World Mail Awards in Rome with the “Industry Leadership Award 2003“. The prize honours the achievements of Zumwinkel, who over the past 13 years successfully turned Deutsche Post around from a loss-making national authority into a global logistics group.

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Rating agency Standard & Poor’s reviews Deutsche Post’s credit rating

Posted by | May 15, 2003 | |

The rating agency Standard & Poor’s (S&P) today downgraded Deutsche Post World Net’s credit rating for long-term liabilities by one level from A+ to A. The short-term credit rating of A-1 was confirmed. At the same time, the credit watch announced on 7 February of this year was cancelled. The reason for the downgrading lies essentially in the altered assessment of pension obligations financed by provisions. Contrary to previous practice S&P announced on 7 February that it classifies these provisions fully as liabilities. Together with other companies and external financial experts Deutsche Post does not share this opinion.

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