Deutsche Post's CEO confirms continued intention to crack the US
Deutsche Post’s freshly reiterated expansion plans in the US are encountering fierce resistance from the dominant players in the North American parcel delivery market, UPS and FedEx. But US market forces could present a larger and more difficult hurdle than anything that UPS and FedEx can throw at Deutsche Post in court.
Deutsche Post World Net, the German postal and logistics provider, has pledged to prevent its US competitors from derailing its expansion plans in the US package delivery market. Speaking at a press conference announcing the company’s first-half earnings, Deutsche Post’s chief executive Klaus Zumwinkel said business remained strong despite continued economic weakness in Germany. He also reiterated plans to expand into the US delivery market, in what could be viewed as a message for rivals UPS and FedEx.
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