Schenker AG, the German-based forwarder, is revamping its U.S. operations in an effort to boost its presence here. “We mainly serve a European customer base. We want a U.S. customer base,” Karl-Heinz Feldmann, executive vice president for corporate development at Stinnes AG, the company’s said in an interview.
Read MoreBudgetary pressures on the German government means that DP is likely to issue a second tranche of shares early next year according to reports from the German national press.
Read MoreDeutsche Posts new competitors are stepping up the pressure on the government to abandon its plans to extend its monopoly on certain classes of letter delivery.
Read MoreJobs to be cut in mail transportation.
Read MoreDeutsche Post, the German mail and logistics group, on Tuesday said it would cut about 7,500 jobs from its transport division by 2004 and outsource the affected functions, in an attempt to reduce its wage bill by E100m ($88m) annually.
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