Deutsche Post AG Chief Executive Klaus Zumwinkel has spent $5 billion on acquisitions since 1998 to reduce dependence on the domestic mail business. But so far, the company still makes more money from delivering postcards than from flying urgent documents to their destination on time.
Read MoreDeutsche Post’s ceo Klaus Zumwinkel put an end to the speculation circulating over the weekend in a letter to his employees.
He shall remain head of Deutsche Post
Read MoreThe Communication Managers Association (CMA) section of Amicus, Britain’s largest private sector union, has today said that the price control proposals announced by the Postcomm postal regulator could mean up to 10,000 redundancies for Royal Mail over and above the 30,000 previously announced and threaten the future financial viability of the company.
Read MoreLONDON (AFX) – P&O has agreed to buy certain refrigerated logistics assets from ProLogis for $70m.
Read MoreFederal Express Corporation (EedEx) has announced that it will expand its operational presence to most key commercial areas across India. These areas account for 85 percent of the total express market in the country. The company is also planning to set up 100 new retail locations and 36 new branded locations across the country. To support the expansion programme, FedEx has tied up with Prakash Airfreight Pvt Ltd for pickup and delivery services and with Jeena & Co for nationwide customs brokerage services.
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