Tag: Germany

Deutsche Post Cost-Cutting Expected

Posted by | Aug 14, 2002 | |

Deutsche Post AG (G.DPW) regularly boasts that 95% of the letters mailed in Germany arrive the next day – a sign of efficiency given the country’s size. But the message Deutsche Post itself sent to investors when it was partially privatized two years ago – that it’s a solid investment in volatile markets – has gone astray. And this has put the spotlight of the need for greater efficiency in its core business. The company, which is also active in the parcel delivery, logistics and financial services markets, was supposed to offer investors the best of the old and new economies. It was argued that the company would enjoy a lucrative guaranteed domestic mail monopoly for several more years while turning itself into a leading international logistics firm. But the sharp economic slowdown and two regulatory blows have altered the outlook, causing the shares to halve in value since they were issued. Now the company is scrambling to cut costs. The question is whether Deutsche Post, still 69% state owned, can find the savings to put the punch back into its initial sales pitch.

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Deutsche Post to Offer Mail Service in Japan

Posted by | Aug 11, 2002 | |

Deutsche Post AG, Europe’s largest postal/transport services company, plans to begin an international mail service in Japan this autumn, sources close to the matter said, the Nihon Keizai Shimbun Sunday edition reported. The German company will use the parcel-collection network that affiliate DHL International Ltd. operates in Japan to send overseas large quantities of direct mail of Japanese companies at cut-rate prices. The planned move is designed to pre-empt the Japanese government plan to expand the scope of overseas mail services when Postal Public Corp. is established next year. The new public corporation is expected to face immediate competition from private companies in the international business. Deutsche Post is entering the Japanese market as part of efforts to expand its Global Mail Service worldwide. Most of the work will be outsourced to affiliate DHL Japan Inc., but the service will be offered under the Deutsche Post brand.

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EU May Slow Liberalization of Postal Services

Posted by | Aug 9, 2002 | |

The European Union Commission is reexamining public service regulations that could water down efforts to open up to competition areas such as energy, postal and train services, the Financial Times reports. France is behind the push to slow liberalization, the paper says. But Germany and the U.K. want to push ahead. ‘Any move to exempt large parts of Europe’s service sector from normal competition and internal market rules would make a mockery of our efforts to build a single market,’ a senior Commission official told the paper.

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German team visits Emirates Post

Posted by | Aug 8, 2002 | |

A high-ranking delegation from Germany’s Deutsche Post recently visited Emirates Post.
The German Delegation comprised Klaus Knappik, Chairman of the Management Board, Dr Gerhard Kompf, Managing Director, and Michael Culme Seymour, Regional Manager Asia Pacific.The delegates discussed with Emirates Post’s officials the possibility of exchanging expertise and the methods used to enhance the postal services standards.
They toured Al Ramool Automated Sorting Centre and the International Transit Hub in Dubai Airport and were acquainted with the special services Emirates Post is providing through its modern facilities.
Abdulla Al Daboos, Emirates Post Director General, said: “The interest expressed by Deutsche Post is very welcome and is an indication of the work that has been carried out to establish the Emirates Post facility.”
Al Daboos has a presentation on Emirates Post’s operational and organisational restructuring as well as the state-of-the-art products recently introduced in light of the corporation’s new identity, set of values, vision and mission.

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Kuehne & Nagel expands its global network in Central Asia

Posted by | Aug 8, 2002 | |

The acquisition of a sixty per cent ownership stake in Ibrakom – with an option for the remaining shares – is of strategic importance for the Kuehne & Nagel group, coming at a time of political changes and growing importance of this region with respect to its trading activities. Besides Azerbaijan, the United Arab Emirates and Turkey, where Kuehne & Nagel has been operating for years, the group has now created access to the emerging markets in Afghanistan, Georgia, Iran, Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan. In addition, customers will benefit from approximately 160.000 square meters of warehousing, distribution and terminal space, thus enabling Kuehne & Nagel to complement its freight forwarding services with contract logistics capabilities.

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