Deutsche Post World Net, part of the German postal services group, is hoping to use its 6 June AGM to gain shareholders blessing to buy back its own shares. The programme is designed to permit the repurchase of up to 10 per cent of its shares.
Read Moreelix, the German alliance of forwarders that specialises in groupage traffic, has acquired Geodis as an exclusive partner for France and DFDS as its partner for Scandinavia and the UK/Ireland, companies which are the number ones in their respective territories. Thus in one stroke elix becomes the largest provider of systems-based groupage traffic in Europe, ahead of big players like Schenker and Danzas.
Read MoreThe image of this transport operator with interests all over Europe is largely a product of its trucks that are painted in the rather staid “Willi Betz” livery. However the modernity of the group belies the staid image: a modern IT-supported logistics network that supports the production and sales of customers in Europe, Asia Minor CentralAsia and the Near East, modern distribution centres with automated high-bay racking and trading offices for customers in niche markets. ITJ editor-in-chief Ursula Schmeling spoke with managing director Thomas Betz about the company’s image and expansion plans.
Read MoreDeutsche Post, the German postal service operator, has announced plans to open 328 new offices within Germany. This comes after a decision to increase its presence in areas where the population exceeds 2000, compared with the previous figure of 4000.
Read MoreA previous article printed by the Frankfurter Allgemeine Zeitung reported that Deutsche Post faces being served with a notice of a high fine imposed by the EU, probably as early as May but at the latest in June. Deutsche Post states the FAZ’s account is wrong on several key points. First of all, Deutsche Post has never availed itself of state aid. On the contrary, up to 1996, Deutsche Post paid billions in the form of revenue-based levies and, subsequently, dividend payments to the Federal Government. Secondly, Deutsche Post did not have to pay any fine last year for cross-subsidising its parcel service from its mail monopoly. On the contrary: in anti-trust proceedings at the EU initiated by our competitor UPS, it was precisely the charge of cross-subsidisation that was dismissed.
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