Tag: Germany
DPWN drops bid to buy Airborne Express
Deutsche Post World Net (DPWN) is not negotiating to buy Airborne Express – for the time being. An IFW source said discussions reached due diligence stage recently before breaking down, a suggestion supported by a rise above US$20 in the carrier’s US share price last month from a low point of just $9 in October
Read MoreSynergy is the key as Danzas looks ahead
Danzas, the world’s biggest air freight forwarder, will improve its performance as the market returns to growth in the second half and through cross-selling with DHL. Despite last year ‘s slump in air freight volumes and the slower than expected integration of AEI, Danzas increased its sales by 10.4% to Euro 9.15bn.
And margin improvements achieved through the rapid growth of its Solutions logistics business helped pre-tax profits 40.7% higher at Euro 159m.
Read MoreDeutsche Postbank: 35% Rise 2001 Profits
Deutsche Postbank AG, the banking business of German post office Deutsche Post, on Monday reported a 35 percent rise in 2001 net profit and said it aimed to be no less than Germany’s leading bank for private clients.
Read MoreUPS Has Ambitious Plans for European Logistics Business
In an interview with Handelsblatt, the logistics chief of United Parcel Service (UPS) outlined the U.S. giant’s plans to expand its logistics business in Europe.
“We’re aiming for 30% annual growth in the sales revenue of UPS Logistics Group for 2002 and the subsequent years,” said Joseph Pyne, the member of the UPS board with responsibility for UPS LG.
Read MorePost & Parcel Magazine
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