Deutsche Post unit, DHL, is said to be looking at shedding its troubled freight forwarding division either by spinning if off in some form of strategic joint venture, or outright sale with Japan Post highlighted as a potential suitor, according to a Reuters report. The air and ocean forwarding units would be included in this move, with the land freight forwarding unit likely kept, the report noted citing an un-named source. An outright acquisition of the entire forwarding divison has been … [Read more...] about DHL said to be looking at possible sale of forwarding arm
Deutsche Post
FedEx seeks EU approval for US$4.9B TNT bid
FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid
FedEx seeks EU approval for US$4.9B TNT bid
FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid
DHL to launch innovation centre in Singapore
Deutsche Post DHL is to open an Asia Pacific innovation centre in Singapore next year to pioneer sustainable solutions to keep world trade on the move. With an initial investment of S$10 million (EUR6 million), the Asia Pacific Innovation Centre (APIC) in Singapore will be the first centre for innovative logistics services and solutions in the region. Due to be launched in the third quarter of 2015, the APIC is a partnership with Singapore's Economic Development Board (EDB) and will be DHL's … [Read more...] about DHL to launch innovation centre in Singapore
Deutsche Post potential Royal Mail bidder
Germany's Deutsche Post has emerged as a potential bidder for a stake in Britain's Royal Mail, as the UK government attempts to partially privatise the state-owned postal company. The parent of express and logistics giant DHL has joined a short list including TNT and CVC, a private equity company already active in the European postal industry. … [Read more...] about Deutsche Post potential Royal Mail bidder
DHL in talks with ABX and ASTAR in US
DHL has opened discussions with ABX Air and ASTAR Air Cargo about the possibility of taking over its domestic US operations out of Wilmington, according to an Associated Press report. Following the announcement last November by Deutsche Post, that its subsidiary DHL Express would shut down its US domestic package shipping operation it said it would hire United Parcel Service (UPS) to handle its US domestic volumes. An agreement to negotiate exclusively with UPS expired at the end of January, and … [Read more...] about DHL in talks with ABX and ASTAR in US
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