Tag: Germany

TPG: No More Acquisitions in Germany This Year

Dutch mail and express company TPG NV said on Tuesday it did not plan to make any more acquisitions in Germany in 2003, even though it had said late last year it was considering buying a logistics business there. Chief Executive Peter Bakker told journalists that TPG was happy for now to have its management in Germany focus on a company-wide revamp of logistics operations. ‘I would not expect any acquisitions (in Germany) this year,’ he said.

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US DOT extends deadline for DHL decision

The U.S. Department of Transportation announced Monday that it has set Oct. 31 as the deadline for the administrative law judge hearing the DHL Airways ownership case to reach a decision. Chief administrative law judge Ronnie L. Yoder had requested an extension until Nov. 24. The original DOT deadline was set at Sept. 2.

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DPD (Germany) to Boost Express Services

Deutscher Paketdienst (DPD), the German parcel forwarding specialist, intends to boost its express delivery services as part of its strategic alliance with US express delivery group Federal Express. The two companies signed a co-operation agreement last July.

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