Deutsche Post, Europe’s largest postal services group, announced on Tuesday it would cut 3,000 jobs in its mail delivery unit by early next year. The move was widely perceived as an attempt to accelerate cost savings in the division that is Deutsche Post’s largest and most profitable, but which analysts say has the lowest potential for growth.
Read MoreDanzas Benelux, a unit of Danzas Corp., has signed an agreement with Overland Trading Ltd., covering logistics for Caterpillar shoes in Europe
Read MoreDeutsche Post AG is close to reaching agreement on the takeover of Austria’s Cargoplan-Gruppe. A spokesman for the German postal services giant confirmed Wednesday that his group was “in talks on the acquisition of a logistics group”. But he added that a deal had not yet been finalized.
Meanwhile, the tug of war over Deutsche Post’s minority shareholding in courier service Transoflex continues. Antitrust concerns could end up forcing Deutsche Post to sell its 24.8% stake in the company.
Deutsche Post World Net AG is to be asked by the German Cartel Office to clarify whether or not its parcel unit Transoflex holds a market dominant position, Financial Times Deutschland said, citing a cartel office spokesman. It said because of this development, it is very likely that Deutsche Post might have to divest its 24.8 pct stake in Transoflex.
Read MoreFour of the thirteen members of the management team of Van Gend and Loos, the Dutch distribution company of German business Deutsche Post, have left.
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