Deutsche Post aims to be global No.1 in parcel delivery by 2020

Reuters – Deutsche Post is aiming for a global expansion of its parcel delivery business and wants to become world No. 1 by 2020, its CEO said, betting on a boom in the delivery of parcels ordered from websites such as Amazon.com Inc.

Like other postal companies, Deutsche Post is benefiting from the rapid growth in online retail sales, seen doubling in Europe from 2012 levels to around 323 billion euros $438 billion by 2018, market research firm Mintel forecasts.

Already the world’s biggest postal and logistics group, Deutsche Post aims to replicate that position in parcels and Chief Executive Frank Appel told the company’s annual shareholders’ meeting it would consider re-entering European markets it had exited, such as France and Britain, as well as growing further afield.

via Deutsche Post aims to be global No.1 in parcel delivery by 2020 | Reuters.