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Deutsche Post Is Looking For More Cost Cuts In German Post & Parcel Division
Deutsche Post: Want To Reach 2020 EBIT Goal Without One-Off Effects
Deutsche Post: DHL Freight Raises Prices For European Truck Transports
Deutsche Post AG is a Germany-based provider of postal services. The Company operates through four segments: Post - eCommerce - Parcel, Express, Global Forwarding and Freight, and Supply Chain. The Post - eCommerce - Parcel segment handles both domestic and international mail and provides dialogue marketing, nationwide press distribution services and all electronic services associated with mail delivery. The Express segment offers courier and express services to business and private customers. The Global Forwarding and Freight segment comprises the transportation of goods by rail, road, air and sea. The Supply Chain segment focuses on the delivery of customized logistics solutions, including warehousing, transport and value-added services, and also offers tailored business process outsourcing and marketing communication solutions.
Nikolaus von Bomhard
Independent Chairman of the Supervisory Board, Shareholder Representative
Chairman of the Management Board, Chief Executive Officer, responsible for Global Business Services
Independent Deputy Chairwoman of the Supervisory Board, Employee Representative
Member of the Management Board for Finance
Executive Vice President of Corporate Communications & Responsibility
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Deutsche Post DHL will hike parcel prices next year for business customers with individually agreed conditions due to rises in transport and labour costs, the German logistics group said on Thursday.
DHL, the logistics arm of Deutsche Post <DPWGn.DE>, is preparing to sell its supply chain business operations in Africa, Germany's manager magazin said on Thursday, citing sources at the company.
Deutsche Post <DPWGn.DE> said on Friday its subsidiary StreetScooter had signed a memorandum of understanding with Chinese carmaker Chery Holding Group to begin producing electric vans in China from 2021.
Deutsche Post has received expressions of interest from potential partners for StreetScooter, its electric van business, board member Tobias Meyer said on Friday.
Deutsche Post DHL <DPWGn.DE> said on Tuesday it expects restructuring measures and increases in German postage and parcel prices to lift earnings in the second half of 2019, despite rising global trade tensions.
European shares were marginally lower on Tuesday, steadying slightly after posting their biggest two-day drop in over 3 years, as upbeat German data soothed some of the nerves around the past week's escalation of U.S.-China trade tensions.
Deutsche Post will increase the price of postage for a standard letter to 0.80 euros ($0.89), Germany's Frankfurter Allgemeine Zeitung said on Thursday.
Deutsche Post confirmed its profit forecast on Friday after first-quarter earnings jumped 28 percent, boosted by a supply chain partnership in China.
Germany's Federal Network Agency has cleared the way for Deutsche Post to significantly increase the cost of sending letters after the company pledged to hire an extra 5,000 delivery workers.
Germany's Federal Network Agency has cleared the way for Deutsche Post to significantly increase the cost of sending letters, after the company pledged to hire an extra 5,000 delivery workers.
Deutsche Post DHL Group on Thursday forecast profit growth for this year that lagged analysts' expectations, but played down concerns over global trade, saying more complex supply chains could in the near term benefit its business.
Deutsche Post DHL Group said a restructuring programme in its German post and parcel division will help boost profits this year and it sees no sign that global trade is slowing despite rising geopolitical tensions.
Deutsche Post DHL has hired hundreds of workers to deal with new customs procedures expected to be imposed after March 29, when Britain is due to leave the European Union, an executive said on Tuesday.
The German government could order a larger increase in the cost of sending a letter than earlier planned, the Frankfurter Allgemeine Zeitung reported, sending shares in Deutsche Post 2.6 percent higher on Monday.
Large-scale production of a small electric minivan by a subsidiary of Germany's Deutsche Post moved a step closer on Friday after the vehicle won clearance from regulators.
Deutsche Post DHL Group expects a restructuring at its troubled post and parcel division to start bearing fruit next year, as it reported a smaller-than-expected decline in third-quarter operating profit.
Some of Deutsche Post's customers are already moving their warehouses to the European Union from Britain ahead of the country's departure from the EU, the German postal and logistics group's chief executive said on Tuesday.
* Deutsche Post shares tumble as much as 5.3 percent (Updates with reaction from Deutsche Post, background)
A German regulator said it was putting off a decision on any increases in the postage price of letters in Germany until at least early next year, which means that Deutsche Post cannot currently ask for approval to charge its customers more.
Deutsche Post DHL <DPWGn.DE> is selling its supply chain and logistics business in Greater China to S.F. Holding <002352.SZ> as the two companies enter a 10-year strategic partnership to foster growth in the region.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.