FRANKFURT, April 2 (Reuters) – Deutsche Post, the world’s biggest postal and logistics group, is betting on emerging markets and an e-commerce boom to boost profits through 2020, it said on Wednesday in unveiling its new medium-term financial targets.
The company, which grew into a global logistics conglomerate after going public in 2000, forecast its operating profit would increase by an average of more than 8 percent through 2020, driven by its the DHL logistics businesses.
Last year it made an operating profit of 2.86 billion euros ($3.95 billion).
Read more: UPDATE 1-Deutsche Post banks on emerging markets, e-commerce | Reuters.
This Time Labour Problems at Home for DHL While ex-Boss Disgraces Himself
GERMANY – WORLDWIDE – As with our previous City Link story, this is not a good month for Deutsche Post DHL which, having endured years of criticism over its employment practices outside the Mother country, it now appears the DHL home delivery side of the business has been threatened this week with strike action by the Ver.di union which has over 1,500 members working at the company.
The news also comes at a time when a former boss, and close confidant of the Deutsche Post ex-Chairman and CEO (who himself was convicted on tax fraud charges in 2009), has admitted blackmailing a politician.
Read more: Postal and Home Freight Delivery Group Having a Bad Month – Latest industry shipping news from the Handy Shipping Guide.
ermans may no longer have to lug home their groceries because the national postal service will deliver everything in time for supper. Deutsche Post has announced nationwide services for 2015.
A nationwide groceries delivery service are set to be launched by 2015 after pilot services in the town of Cologne had met with growing demand, Germany’s national postal service Deutsche Post announced on Wednesday.
The online groceries service would be launched in all major cities in Germany with the company’s package delivery unit DHL responsible for the deliveries, DHL Chief Executive Andrej Busch told Wednesday’s edition of the Westdeutsche Allgemeine Zeitung newspaper.
via Deutsche Post to launch online groceries service | Business News | DW.DE | 17.07.2013.
Deutsche Post agreed a new labour deal with the united services union Ver.di today, which will avoid further strike action in the German mail network.
However, further strike action looks set to hit the UK’s post office network on Monday (29th April) with the Communication Workers Union continuing to protest changes to Post Office Ltd’s network of branches.
Read more: Postal strikes averted in Germany, but not in the UK | Post & Parcel.
The issue of under-paid postage is costing European postal operators a combined $1bn a year, according to research from UK software firm Pinesoft.
The London-based company said it talked to the 27 national postal operators around the European Union, on the condition that no individual names were revealed.
Figures provided showed that the impact of fraud, undercharged and unpaid mail on postal operator revenues added up to a billion US dollars.
Read more: Underpaid postage “costs EU postal operators a billion a year” | Post & Parcel.