Tag: International

Deutsche Post workers stage warning strikes to support union's wage demands

Posted by | Apr 1, 2008 | |

Some 5,000 employees at Deutsche Post World Net AG are temporarily halting work this morning to back demands by services union ver.di during wage negotiations with the German mail services company, a union said.

Some 6 million letters and 150,000 parcels will not be delivered today due to the warning strikes, Sigrun Schmid, ver.di’s industrial action leader said.

She said mail delivery in 14 German cities is affected, including Berlin, Hamburg, Munich and Frankfurt.

Wage agreements that banned compulsory redundancies of Deutsche Post’s 130,000 employees and limits weekly working hours of some 55,000 civil servants to 38.5 hours per week expired Monday.

Deutsche Post extended the agreements until end of June to allow more time for negotiations.

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DHL renames products to highlight time specific services (Japan)

Posted by | Apr 1, 2008 | |

DHL completed an across-the-board renaming of its extensive portfolio of best-in-class products in Japan. Through this initiative, DHL has successfully harmonized a variety of product names to a single set of standard, logical and easy-to-understand names, resulting in greater convenience for customers to select the products that best meet their express shipping needs.

The rollout of the new-look product range began in the more than 220 countries and territories serviced by DHL’s global network in January 2008, and is expected to be completed by the end of this year.

The new names were chosen to reflect the time specific services with which shipments are delivered to their destinations. For example, “StartDay Express” has been renamed “DHL EXPRESS 9:00” to clearly describe the service that guarantees delivery to the addressee by 9 a.m. local time the next possible business day. The ease to quickly grasp and understand the benefits of individual DHL products means that customers can efficiently make the appropriate product choice, making DHL easier to do business with.

By offering a product portfolio based on a logical system of time-definite and day-definite choices, DHL will be in an even better position to leverage its extensive global network to create a superior customer experience.

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Deutsche Post World Net sells real estate portfolio to investor

Posted by | Apr 1, 2008 | |

Deutsche Post World Net announced that it has reached an agreement to sell a portfolio of real estate properties comprising about 1,300 assets located mainly in Germany to U.S. investor Lone Star in a cash transaction worth 1 billion euros.

Deutsche Post World Net is divesting real estate assets as part of its “Roadmap to Value” capital markets program presented in November. “We are very committed to the Roadmap to Value initiatives and this transaction again demonstrates our constant focus on quick execution,” said Chief Financial Officer John Allan.

Today’s transaction comes on top of some 350 million euros of real estate sales agreed since last November. The Group thus has already more than delivered on its pledge to generate at least 1 billion euros in cash from real estate sales by 2009. The all-cash sale price will be paid in several tranches with the largest share expected by year-end 2008. The agreement will have only marginal effect on Group EBIT and will not affect the 2008 earnings guidance.

Under the terms of the agreement, the transfer of the real estate assets will take economic effect as of July 1, 2008. Deutsche Post World Net will lease back the major part of the properties under an innovative lease agreement giving the Group immediate relief from excess space and flexibility going forward. The transaction will not lead to any changes for customers or employees.

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Net Holding & TNT enter into associate partnership in Lebanon

Posted by | Apr 1, 2008 | |

The partnership and extension of the MERN fit in TNT’s strategy to be the No. 1 integrator in the intra-regional and intercontinental express flows. The combination of Net Holding’s 15 years experience in the Lebanese market, its entrepreneurial and innovative spirit and TNT’s complete suit of services make this a very promising partnership.

Jinendra Sancheti, TNT’s Regional Managing Director for the Middle East and Africa says: ‘We find Net Holding our perfect partner in terms of both business practice and culture. We certainly believe Lebanon is a worthwhile and positive investment and is well placed with our plans of becoming No 1 in the regional and emerging markets.’

Through this partnership TNT now offers the widest choice in standard morning delivery services to business in Lebanon, 9:00 Express, 12:00 Express, Global Express, Economy Express, Receiver Pays, Air freight services and Road Haulage. TNT’s MERN is one of the most extensive road delivery networks in the Middle East. Customers of TNT can now benefit from the fastest daily, time definite by road door to door customs cleared express delivery transit times in the Middle East.

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First Financial Bank chooses DHL as exclusive air and ground delivery provider

Posted by | Mar 31, 2008 | |

DHL announced today that it has been chosen by First Financial Bank, N.A. as its exclusive delivery services provider. First Financial will now leverage DHL’s U.S. express and ground delivery services for transporting loan, mortgage, and other financial materials to and from its banking centers and clients.

With assets of USD 3.4 billion, First Financial is the second-largest bank headquartered in the Greater Cincinnati area, operating 81 banking centers in Ohio, Kentucky, and Indiana. First Financial chose to consolidate all of its express delivery needs with DHL after a competitive review of the quality, service, and value offered by all major U.S. providers. First Financial was also attracted to DHL due to its strong network in the U.S. and in the region, which includes its primary air and ground hub based in Wilmington, Ohio.

DHL recently conducted customized training for First Financial associates on using the DHL web-based shipping products and began shipping immediately.

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